According to ChainCatcher, citing 21st Century Business Herald, under the guidance of the People's Bank of China, MYbank completed its first digital RMB transaction at a Lao merchant via QR code payment by connecting to the cross-border digital payment platform of the Digital RMB International Operation Center.
This is the latest progress in the bilateral cross-border digital payment cooperation project between the central banks of China and Laos. The opening of this pathway marks the first time that the digital yuan has achieved "internal use for external purposes," providing Chinese residents with a new payment method for overseas consumption. It is also another manifestation of the deepening cooperation between the central banks of China and Laos on digital currencies.
