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World News@lemmy.worldEnglish · 1 year ago

China, Singapore to let each other’s tourists pay with digital yuan as Beijing seeks to globalise its e-CNY currency

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China, Singapore to let each other’s tourists pay with digital yuan as Beijing seeks to globalise its e-CNY currency

naturalgasbad@lemmy.ca to

World News@lemmy.worldEnglish · 1 year ago

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China, Singapore to let each other’s tourists pay with digital yuan

The use of digital yuan for small transactions can pave the way for its application in trade and other high-value scenarios, one expert says.

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1 year ago
Not necessarily. China is one of their main trade partners along with the US. Having multiple options for payment makes sense.

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