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Automatic vending machines in Shanghai now accepting digital renminbi — Global Times

Summary:
Pilot. Automatic vending machines in some metro stations in Shanghai can now accept digital renminbi, as part of the offline application scenarios for digital currency being promoted across the city. As a critical link in the pilot use of digital currency, offline application scenarios for digital renminbi have been piloted in a variety of situations including in shops and at hospitals across the city, according to media reports. Users can pay through mobile phones apps or bank cards at venues that accept digital currency check-out functions or digital wallets. At the moment, only clients who are invited can try the digital currency. Banks issued "red envelopes" of digital renminbi to users in a test before the Spring Festival holidays. ECNSAutomatic vending machines in Shanghai now

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Pilot. 

Automatic vending machines in some metro stations in Shanghai can now accept digital renminbi, as part of the offline application scenarios for digital currency being promoted across the city.

As a critical link in the pilot use of digital currency, offline application scenarios for digital renminbi have been piloted in a variety of situations including in shops and at hospitals across the city, according to media reports.

Users can pay through mobile phones apps or bank cards at venues that accept digital currency check-out functions or digital wallets.

At the moment, only clients who are invited can try the digital currency. Banks issued "red envelopes" of digital renminbi to users in a test before the Spring Festival holidays.

Global Times

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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