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Salaries Will Be Paid With DC/EP In China's Four Cities

Summary: The People's Bank of China (the country's central bank) is going to conduct the initial pilot for the DCEP (Digital Currency/Electronic Payment) in Shenzhen, Chengdu, Xiong'an and Suzhou. From this month, salaries and subsidies for some government agencies and public institutions in the above cities will be distributed through DC/EP, Bjnews reported on April 20. ...

The People's Bank of China (the country's central bank) is going to conduct the initial pilot for the DCEP (Digital Currency/Electronic Payment) in Shenzhen, Chengdu, Xiong'an and Suzhou. From this month, salaries and subsidies for some government agencies and public institutions in the above cities will be distributed through DC/EP, Bjnews reported on April 20.

Tracy Chen

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