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PBOC tests CBDC for in-store payments via contactless cards and wearables

News | Cryptocurrencies | 11 Jan 2021

The People’s Bank of China (PBOC) has begun piloting its central bank digital currency (CBDC) for in-store payments via contactless cards and wearables.

CBDCs, card wallets, NFC, contactless hard wallet, NFC, wearables, China, merchants, payments , digital yuan, People’s Bank of China, PBOC