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Chinese Provinces Push Digital Yuan Adoption in Education and Public Transport Sectors

Chinese provinces are continuing to promote the adoption of digital yuan, with plans to introduce the central bank digital currency (CBDC) in education and public transport sectors. The coastal province of Jiangsu is set to launch a platform that will allow citizens to pay education and exam fees using digital yuan. The province also plans to enable scholarship grants to be paid out in CBDC and promote digital yuan pilot work in the education field. Meanwhile, the city of Jiangmen in Guangdong Province has announced that digital yuan payments will now be accepted on all buses, following a successful pilot program.

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