That’s interesting news! The People’s Bank of China has released a guide aimed to help foreign visitors get familiar with the Digital Yuan (the official digital currency of China).
Visitors can apply for an e-CNY (digital Yuan) wallet by creating a profile using their mobile number. This process doesn’t require a Chinese bank account and allows tourists and other visitors to use the currency during their stay in the country. They can use the digital Yuan to make various types of transactions, such as paying at shops, restaurants, and online stores.
The guide also details how they can top up money into their e-CNY wallet. This initiative is seen as a part of China’s broader plan to internationalize the Digital Yuan, making it easier for international visitors to engage in the local economy. It is also expected to simplify financial transactions for travelers in China and reduce the dependency on physical cash or credit/debit cards.
