First Digital Yuan Pilot Scenarios for Material Transfer of Jiangsu Province Settles in Wuxi

|ChinaNews|Published:2023-06-07 17:44:01

Recently, Nanjing Mingde Renewable Resources Co., Ltd. used digital yuan to pay for the purchase of waste materials to the State Grid Wuxi Power Supply Company. It marks the settlement of the first digital yuan pilot scenarios for material transfer in Wuxi City of Jiangsu Province. The disposal of waste materials by State Grid Wuxi Power Supply Company realizes a full-process environmental friendly closed loop.

First Digital Yuan Pilot Scenarios for Material Transfer of Jiangsu Province Settles in Wuxi_fororder_69

Service Hall of the State Grid Wuxi Power Supply Company [Photo by Xue Cheng]

In the past, the renewable resources company mainly relied on interbank large-scale currency transactions for the purchase of waste materials, which were easily delayed. Now, with a digital yuan wallet opened in the bank, online transfer can be made to the State Grid Wuxi Power Supply Company digital wallet, and the payment will be received in real time.

Xu Hanshen, the Director of the Material Management Department of State Grid Wuxi Power Supply Company, said that in the future, the company will continue to enrich the application scenarios of digital RMB in various fields and promote its application in various types of revenue and expenditure businesses, contributing more to the development of the digital economy and the fulfillment of "dual-carbon" goals.

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