Bloomberg news agency said that this is the first major test of the attractiveness of this virtual currency to the international community.
China tested the appeal of e-CNY at the winter Olympic Games in 2022 (Beijing)
Bank of China (Bank of China), the official partner of the Olympic Winter Games 2022, said visitors can download the app or get physical card to store the yuan digital or convertible paper money foreign into e-CNY at the self-service machine. Particularly with the athletes and coaches are eligible will receive a wristband works as an electronic wallet and can be wiped to pay for goods or services.
Recently, one of the branches of the Bank of China in the Beijing Olympic Village repeatedly played a video introducing the e-CNY on a large screen.
Convenience stores, cafes and other shops inside the Olympic village are equipped with digital yuan payment machines, as are shops at the train station near the venue.
Qu Songming, the operations team manager for the Olympic village in Beijing, said payments would be restricted to only a few methods. Notably, Alibaba’s Alipay and Tencent’s WeChat Pay will not be available at the Olympic village, although these two payment platforms still support e-CNY.
“The only payment methods are yuan cash, Visa card and digital yuan at all competition and non-competitive venues during the Games,” said Qu. To share.
Does the foreign athletes have to accept renminbi digital or not is still the problem that caused much controversy. The cause is believed to stem from political tensions and increased concerns about the risks of data.
Three US Republican senators in July called on the US Olympic Committee to ban US athletes from using the digital yuan, citing concerns about espionage and data security.