Digital Yuan Can Be Used To Buy Airplane Tickets In China

JAKARTA - China's Civil Aviation Administration (CAAC) has approved the use of digital yuan for aircraft ticket purchases. This official announcement was issued via a blog post on July 18, 2023.

In 2021, Spring Airlines will be the first airline to accept ticket payments with a digital yuan. The airline allows payments of 560 yuan for flight tickets from Shanghai to Shenzhen. Xiamen Airlines soon followed in November of the same year.

In 2022, Beijing Daxing International Airport and Beijing Capital International Airport will also launch a digital yuan initiative. However, the use of these digital assets in the aviation sector is still not extensive.

Dalam perkembangan terbaru, CAAC bermitra dengan China Merchants Bank (CMB) untuk meluncurkan platform pembayaran yuan digital. Platform ini dikenal dengan nama Aplikasi Platform Manajemen Pengadaan Pemerintah Tiket Angkat Penerbangan RMB Digital.

In this collaboration, digital currencies can be used to complete payment of business aircraft tickets. In addition, passengers can also access new services through this platform using the Central Bank Digital Currency (CBDC). Before its launch, the platform had passed functional testing of the aircraft ticket purchase service system and the China Merchants Bank clearing system.

Digital Yuan Trials In Various Sectors

China has made significant progress in the development of CBDC. The People's Bank of China (PBOC) has been conducting digital Renminbi trials across the country since 2020. The first major use of these assets took place at the 2022 Winter Olympics in Beijing, and since then, banks have been conducting trials in various cities.

The use of digital yuan has also been pushed in the transportation sector. Increasing the payment system using digital yuan has been carried out at train stations, light train connections, and metro systems across China.

In addition, banks are working with China Telecom and China Unicom to allow offline transactions with digital yuan through SIM cards. This plan will also facilitate payments for goods and services using digital yuan, even without a bank account or internet connection.

The adoption of digital yuan by CAAC is expected to encourage the development and innovation of the digital economy in this country. In addition, this step is expected to increase the competitiveness and influence of China's aviation sector in the global market.