Platforms Required to Offer Digital Yuan Retail Payment Option by Cointelegraph

China’s central bank digital currency (CBDC), known as the digital yuan, is currently undergoing enhancements to its technology and business model. According to Changchun Mu, the director of the Digital Currency Research Institute at the People’s Bank of China, wallet providers should ensure that payment options are available across all retail scenarios.

Speaking at the annual China International Service Trade Fair on September 3rd, Mu indicated that the digital yuan has experienced a significant upgrade concerning its “organizational forms” and business model. The next step is to enhance payment tools to match these developments.