Jinan, the capital city of Shandong Province in eastern China have begun to support adoption “Digital Yuan”, the country’s central bank digital currency (CBDC), on all bus routes.
During the pilot phase, the city tested the implementation of the payment system on two bus lines. And after the trial period, it announced that it has implemented a new payment method for the entire bus network.
Local media Shunwang-Jinan Daily reported that the city of Jinan hasupdateSoftware and all bus routes to enable passengers to pay using CBDC.
The city is also incentivizing the use of digital yuan by offering discounted fares to passengers who opt for CBDC payment methods, each of whom can enjoy up to two discounts per day, and up to six times a month if they choose to pay by cash. digital yuan
The move is part of a broader drive to promote digital yuan adoption in China. Back on April 23, the Chinese city of Changshu announced that it would start paying civil servants’ salaries in digital yuan. According to the announcement, all levels of personnel in public services, government institutions and government agencies will be paid in the country’s CBDC starting May.
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