Eleven petrol stations in Shenzhen (the city that represents the technology center in China) have reported accepting the digital yuan.

The digital yuan is the new digital currency of the Central Bank of China (CBDC).

A few days ago, more than 1.5 million digital yuan was distributed to citizens as part of an ongoing pilot program in China, according to Local economic information newspaper.

The government agency “Guangdong Petroleum” is conducting tests on the currency by accepting it at the level of 11 gas stations located in the city of “Shenzhen”, where Chinese citizens holding digital yuan can pay with the new currency by scanning the QR code in a way similar to the payment methods of Apple Pay.

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Reviews so far have been positive, with citizens stating that the transaction experience is smooth and takes only a few seconds to complete.

Payment facilities are available for all services, from refueling to purchasing any merchandise available at gas station kiosks.

To make the service more accessible to all users, the Digital Yuan app uses technology that “allows phones and receivers to connect and work offline, which means that as long as the mobile phone has electricity (without the need for a phone signal) users can complete any digital payments using the digital yuan.

This differs from the current system used by other digital payment apps in China such as WeChat, which require an internet connection to operate and also to charge transaction fees.

Guangdong Petroleum said that the digital yuan payment application will be expanded to more than 110 self-operating gas stations in the same city, “Shenzhen” this month.

This development is another milestone for China’s digital yuan project.

The launch of the digital yuan is part of China’s ambitious five-year plan, which is characterized by reliance on modern technologies, including blockchain technology and artificial intelligence.

The Chinese parliament said in 2019 that it expected the digital yuan to be completed and fully launched before the 2022 Winter Olympics in Beijing.

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It was also indicated in September 2020 that China will put its DCEP digital currency as a viable alternative to reduce its dependence on the US dollar.

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