The People’s Bank of China (PBOC) has expanded its central bank digital currency (CBDC) pilot to include a contactless ‘hard wallet’ and NFC wearables that enable consumers to make in-store and transit fare payments with their digital yuan. The tests come as PBOC also launches its latest ‘red envelope’ lottery in Shenzhen, offering 100,000 residents […]

Read the rest of PBOC pilots contactless cards and wearables that let consumers make payments with China’s digital currency at NFCW.