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Digital Yuan Now Used to Complete Car Prepurchase Payments

The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Digital Yuan Now Used to Complete Car Prepurchase Payments
The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February in Shenzhen, and several customers are already purchasing their vehicles […]

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