Digital yuan integration introduced to Chinese business air travel
The Civil Aviation Administration and China Merchants Bank said passengers can utilize the central bank digital currency to access new services via this platform. As the pilot program for China’s central bank digital currency (CBDC) — the digital yuan — takes off, Chinese business travel ers will reportedly be able to pay for flight tickets using the CBDC. A collaboration between the China Merchants Bank and the Civil Aviation Administration of China led to the introduction of a digital yuan platform, which aims to facilitate transactions for travelers in the aviation network, according to a local media report. The newly introduced platform reportedly enables companies and entrepreneurs to utilize the digital yuan for convenient payment of business air tickets. Additionally, passengers will have the opportunity to use the CBDC to access new services via the platform. China Travel Service, a travel firm based in Suzhou, has already made use of the platform to purchase tickets on b...