Tag: olympics

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Digital yuan transactions beat out Visa at Winter Olympics venue: report

February 11, 2022

Many of the National Stadium retailers allowing purchases with China’s CBDC were outside the Olympics’ quarantine bubble for athletes, journalists, and staff. On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa. In a Wednesday report…
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US lawmakers issue warnings about digital yuan as Winter Olympics kicks off

February 4, 2022

“Do not accept any digital yuan,” said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China. With the opening ceremony of the Beijing 2022 Winter Olympics completed and all competing athletes currently in China, two members of Congress are warning of the potential dangers of using digital yuan at…
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