China’s digital RMB trials extended to Beijing and Suzhou metro

China has begun piloting its digital currency on the entire Beijing metro and one line of the Suzhou subway system. This development marks a progression in the country’s rollout of the digital RMB, also known as the CBDC (Central Bank digital currency) or DCEP (digital currency electronic payment). The pilot is a good test of … Continue reading China’s digital RMB trials extended to Beijing and Suzhou metro