In a report Wednesday from the Wall Street Journal from a person familiar with the matter.said Number of transactions in currency Digital yuan already outnumbered Visa on Feb. 4 at the Beijing National Stadium, also known as the Bird’s Nest, where the opening ceremony of the 34th Winter Olympics was held.
According to the report, People at the “bubble” event have the option to pay for goods or services with cash, visa, and digital yuan (e-CNY), and there are a number of automated machines that allow people to exchange fiat currencies. It is an e-CNY coupled with the intention to reduce interpersonal contact to prevent the spread of COVID-19.
And it looks like the country’s digital currency. It is already more popular than Visa, at least in environments with limited use cases that include engagement from Chinese consumers.
“Replacing cash with digital yuan for payment It can reduce the direct contact between people and the risk of spreading Covid-19,” said the Beijing 2022 Games Organizing Committee.
Although payments made using mobile apps such as Alipay, WeChat Pay and others are accepted by many retailers in China But these methods are not allowed at the Winter Olympics. Due to an exclusive contract with Visa, the credit card company reportedly did not reject the digital yuan payment option. This could be because it is awaiting approval for a domestic license to operate in China.
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