First set of local retailers in Shanghai accept digital yuan payments

Two local department stores and one food caterer became the first local retailers in Shanghai to accept digital yuan payments recently. As local outlets report, China is accelerating its rollout as it readies the digital currency for use during the Winter Olympics in Beijing in 2022. The three were New World Daimaru Department Store, Taikang Food Store and Shanghai’s New World City. As per SHINE News, the three processed several thousand digital yuan transactions over the weekend. The three work
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