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China Digital RMB foreign currency exchange machine unveiled

March 28, 2024


A new wave of digital currency consumption experience has begun.


This exchange machine allows people to exchange cash in 20 currencies, 

including US dollars and euros, into digital renminbi.


Have you ever seen a digital currency exchange machine?



This machine looks similar to an automatic teller machine (ATM).

It‘d call "VTM"Virtual Teller Machine for digital currency exchange.

 Users can put the foreign currency cash they hold into the machine, 

and then get a hard wallet with a corresponding amount of digital renminbi. 

After that, users only need to use their hard wallet to "touch"

 on the digital RMB POS terminal when shopping to complete the payment.


Users can also use the exchange machine to recharge the digital RMB hard wallet, 

check the balance and transaction details of the digital RMB hard wallet, etc.

This machine has screens and voice prompts in 8 languages, 

including Chinese, English, French, Japanese, German, Italian, Korean and Russian.


According to the report, this move meets the needs of tourists, 

providing them with digital payment options for dining, accommodation, 

transportation and shopping, "and can easily use digital RMB China's currency

 for consumption without opening a bank account."






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