China’s digital currency: Meituan expands e-CNY payments to offline merchants ahead of Lunar New Year

Source: China – South China Morning PostChina’s leading on-demand service provider Meituan on Wednesday began allowing more than 200 types of offline merchants – including restaurants, grocery stores, cinemas, and hotels – to accept payments in digital yuan, also known as e-CNY.The move marks another major step by the Beijing-based company to promote the country’s digital fiat money after enabling e-CNY payments for online food deliveries earlier this month. Meituan also said it would give out discount vouchers to consumers who pay…Read More

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