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Digital Yuan Now Used to Complete Car Prepurchase Payments

Digital Yuan Now Used to Complete Car Prepurchase Payments


The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles […]

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