Major Chinese Bank Offer Digital Yuan Users Carbon Credit Rewards

A major Chinese bank, Industrial Bank, will reward digital yuan-using customers with carbon points as it targets further CBDC adoption. Per CICC Online, the bank announced that verified digital yuan wallet users can now obtain “personal carbon account points” when they use its app to make purchases with the CBDC. Customers will accrue carbon points when they make e-CNY retail payments via the app. They can also get points by using digital yuan tokens to make “fund purchases and credit card payments.” The program is part of the nation’s pledge to become carbon-neutral by 2060. Local governments use the program to reward commuters.

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