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Summer World University Games in China to Use Digital Yuan as Official Payment Method

Student athletes from around the world will be able to use China's digital yuan at the Summer World University Games in Chengdu in July.

This will mark the first major international sports event to officially use the digital yuan following the Beijing Winter Olympics. The organizers have successfully created public digital yuan wallets that will be used by the event's Executive Committee, and have achieved initial results in applying the CBDC to event-connected scenarios such as catering, medical care, and transport.

The event's official partner is the state-owned commercial bank the Industrial and Commercial Bank of China (ICBC), which was one of the first banks in China to launch a digital yuan wallet back in 2020.

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