China to roll out e-yuan at Winter Olympics

In a first, China will be rolling out digital yuan ahead of the Winter Olympic Games to test the global appeal of the virtual currency, said a Bloomberg report.

While visitors can use the digital currency via an app or a card that stores the yuan, players and coaches can avail themselves of wristbands that double up as e-wallets for payments.

Digital yuan, renminbi cash, and Visa cards are going to be the only accepted payment methods at the games.

In July, a group of Republican senators warned US athletes against the usage of digital yuan, citing privacy concerns.

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