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China’s digital yuan will be the currency of choice at the Beijing Winter Olympics, despite calls for athletes to avoid it
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When Beijing hosts the Winter Olympics starting Feb. 4, athletes, staff, and other visitors will have just three payment options for shopping in the city’s COVID-era Olympic Village: cash, Visa, and one of the world’s first central bank digital currencies, the digital yuan.
FROM SUSE
“The Olympics has always been scheduled by the People’s Bank of China as the global coming out party for the digital yuan,” says Richard Turrin, author of Cashless: China’s Digital Currency Revolution. And even though COVID has put a damper on that party with a spectator ban, Turrin says, the PBOC will proceed with the digital yuan’s unveiling as planned……More Here
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