{"id":32969,"date":"2020-12-07T18:45:08","date_gmt":"2020-12-07T16:45:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=32969"},"modified":"2025-08-28T11:27:48","modified_gmt":"2025-08-28T08:27:48","slug":"china-to-test-digital-yuan-payments-by-tapping-smartphones","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/china-to-test-digital-yuan-payments-by-tapping-smartphones\/","title":{"rendered":"China to test digital yuan payments by tapping smartphones"},"content":{"rendered":"<p>Residents of the Chinese city of Suzhou will test the &#8216;tap&#8217; function on smartphones during the forthcoming digital yuan (DCEP) trials, according to <a href=\"https:\/\/asia.nikkei.com\/Business\/Markets\/Currencies\/China-makes-digital-yuan-transfers-as-easy-as-using-a-phone\" target=\"_blank\" rel=\"noopener noreferrer\">Nikkei Asia<\/a>.<!--more--><\/p>\n<p>With a tap of their smartphones, more than 1,000 participants will be able to transfer DCEP to one another offline, recreating the cash-transfer experience.<\/p>\n<p>The aim of the initiative is to simplify and make interaction with the national digital currency as convenient as possible for Chinese citizens, widening the range of potential use cases.<\/p>\n<p>The testing of the new capability will be available on Huawei devices and <a href=\"https:\/\/u1f987.com\/en\/news\/suzhou-to-pilot-digital-yuan-distribution-through-red-packets\">will take place<\/a> as part of the DCEP distribution among Suzhou residents on December 12. The red-envelope lottery will be timed to the year-end shopping season.<\/p>\n<p>The distribution of the digital yuan in Suzhou will mirror Shenzhen&#8217;s experience, where 50,000 residents of the city <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-airdrop-drew-nearly-2-million-people\">became<\/a> holders.<\/p>\n<p>The 100,000 lucky recipients who received 200 yuan each in the airdrop (about $31) <a href=\"https:\/\/u1f987.com\/en\/news\/internet-giant-jd-com-to-join-digital-yuan-pilot-testing\">will be able to<\/a> spend them, including at the second-largest online retailer in China, JD.com. The publication also mentions the involvement of ride-hailing aggregator DiDi Chuxing.<\/p>\n<p>The rumors of such plans first surfaced in December 2019. In April 2020, the People&#8217;s Bank of China confirmed the start of digital yuan (DCEP) trials in four cities, including Suzhou. It was reported that 19 shops and restaurants would participate, including outlets of McDonald&#8217;s and Starbucks.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Z5ZJM7bacs\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/how-chinas-digital-yuan-dcep-put-it-at-the-forefront-of-monetary-innovation\">How China rose to the forefront of monetary innovation thanks to the digital yuan (DCEP)<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201c\u041a\u0430\u043a \u041a\u0438\u0442\u0430\u044e \u0443\u0434\u0430\u043b\u043e\u0441\u044c \u0432\u044b\u0439\u0442\u0438 \u0432 \u043b\u0438\u0434\u0435\u0440\u044b \u043c\u043e\u043d\u0435\u0442\u0430\u0440\u043d\u044b\u0445 \u0438\u043d\u043d\u043e\u0432\u0430\u0446\u0438\u0439 \u0431\u043b\u0430\u0433\u043e\u0434\u0430\u0440\u044f \u0446\u0438\u0444\u0440\u043e\u0432\u043e\u043c\u0443 \u044e\u0430\u043d\u044e (DCEP)\u201d \u2014 ForkLog\" src=\"https:\/\/u1f987.com\/exclusive\/kak-kitayu-udalos-vyjti-v-lidery-monetarnyh-innovatsij-blagodarya-tsifrovomu-yuanyu-dcep\/embed#?secret=zmXFNjlCms#?secret=Z5ZJM7bacs\" data-secret=\"Z5ZJM7bacs\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suzhou residents will test the &#8216;tap&#8217; function on smartphones during the upcoming DCEP trials, Nikkei Asia reports.<\/p>\n","protected":false},"author":1,"featured_media":32970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Suzhou to test tap payments with digital yuan; rollout planned.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,133,1196,1160],"class_list":["post-32969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-china","tag-competitions","tag-web3-smartphones"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"Suzhou to test tap payments with digital yuan; rollout planned.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=32969"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32969\/revisions"}],"predecessor-version":[{"id":32971,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/32969\/revisions\/32971"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/32970"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=32969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=32969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=32969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}