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Chinese bike hire service to let customers use an NFC digital currency wallet to pay for their ride

By Tom Phillips • 16 September 2021 • Updated 16 September 2021

Chinese e-commerce platform Meituan is to enable customers of its bicycle hire service to pay for their rides with the country’s central bank digital currency (CBDC) while offline using an NFC-enabled digital yuan hard wallet... More

What's New in Payments

Chinese banks unveil CBDC hardware prototypes for multiple use cases

By Tom Phillips • 4 May 2021 • Updated 10 May 2021

The People’s Bank of China (PBOC) and the Industrial and Commercial Bank of China (ICBC) have unveiled prototype hardware devices that support the use of the digital yuan central bank digital currency (CBDC) across a range of different use cases... More

What's New in Payments

China’s central bank confirms plans for digital currency pilots

By Sarah Clark • 21 April 2020

Internal closed pilot tests of the central bank digital currency (CBDC) developed by the People’s Bank of China (PBoC) are to be conducted in Shenzhen, Suzhou, Xiong’an New District, Chengdu, and at Beijing 2022 Winter Olympics locations, China’s central bank has revealed... More

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Digital Currency Research Institute

Three news stories mention Digital Currency Research Institute

Chinese bike hire service to let customers use an NFC digital currency wallet to pay for their ride

Chinese banks unveil CBDC hardware prototypes for multiple use cases

China’s central bank confirms plans for digital currency pilots