The city of Jinan in China has announced its adoption of the digital yuan across all bus services. Passengers can now use China’s CBDC for daily commuting, and those who opt for CBDC payments can avail of significant travel discounts. This incentivized move accelerates the wide-scale adoption of digital currencies in day-to-day life.
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Digital Yuan Adoption in Education and Public Transport: Revolution or New Challenges?
Chinese provinces are promoting digital yuan adoption in sectors like education and public transport. Jiangsu plans to launch a platform for citizens to pay fees and receive scholarships in digital yuan, while Jiangmen city’s entire bus network will accept CBDC payments.