AsianFin -- The International Air Transport Association (IATA) has successfully completed the pilot implementation of digital renminbi transactions in China's Billing and Settlement Plan (BSP). This milestone enables two-way digital renminbi transactions between airlines and agents in China, marking a significant breakthrough.
China is now the first market under IATA to support central bank digital currency for settlement purposes, underscoring the country’s leading role in adopting digital payment innovations in global aviation. This advancement could pave the way for broader adoption of digital currencies in international trade.
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