Cryptocurrencies
China Offers Digital Yuan at Olympics to Test Overseas Appeal
- Athletes can convert foreign notes into e-CNY through machines
- Olympic Village will only accept Visa, yuan and e-CNY payment
This article is for subscribers only.
China is rolling out its digital yuan to athletes and spectators ahead of the Beijing Winter Olympics, the first major test of the virtual currency’s appeal among foreigners.
With less than a month to go before kickoff, and the event already encumbered by diplomatic boycotts and the threat of virus outbreaks, China is looking to use the games to showcase the digital yuan’s clout globally.