Chinese Firms Using Digital Yuan to Pay Electricity Bills
Energy providers in China are adding digital yuan payment options, allowing companies and individuals to settle their bills in the nation’s central bank digital currency (CBDC). Per the news outlet Dizo, the city of Suzh...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per the news outlet Dizo, the city of Suzhou’s Xiangcheng District’s drainage and sanitation companies recently used the digital yuan to settle a power bill of around $83,000.
Adoption efforts are being spearheaded by the State Grid Corporation of China (SGCC)....
Read More: Chinese Firms Using Digital Yuan to Pay Electricity Bills
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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