China aims to launch digital yuan by 2022 Winter Olympics

Opening seen for Alipay and WeChat Pay rival as virus further dims cash's shine

20200526N Olympic rink

An ice rink for the 2022 Winter Olympics in Beijing. (Photo courtesy of the International Olympic Committee)

ISSAKU HARADA, Nikkei staff writer

BEIJING -- China seeks to have its planned sovereign digital currency ready in time for the 2022 Winter Olympics here, the central bank revealed Tuesday, as the coronavirus pandemic accelerates a shift away from cash.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.