China will test offline use of digital currency

Fresh information about the continuation of the Chinese experiment with digital currency has appeared on the network.For this time

The country's government intends to test the offline use of the new type of yuan.

The next phase should start very soon- December 12, 2020, RBC reports. At the same time, within the framework of a new stage of testing, it is planned to study how payment procedures will work on two non-network devices. Smartphones and traditional payment terminals are cited as examples of such devices.

Digital money will be random this timedistributed among the residents of Suzhou. Earlier, in the city of Shenzhen, the first stage was carried out in a similar way. Then, 200 digital yuan were distributed to 50 thousand residents of the city.

Note that China has announced its intention to be fully ready to use digital currency by the 2022 Winter Olympics, which is to be held in Beijing.