E-Yuan Gets New Prepayment Tool to Stop Vendors Running Off With Funds - 0 views
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John Kiff on 09 Sep 22Intended to prevent unscrupulous merchants from embezzling prepayments made by buyers, a new digital yuan management tool has been unveiled. Merchants can apply to execute the smart contract when they complete services that consumers pay for, and the contract will transfer the prepaid funds to the merchants after verifying that all conditions have been met. This technically rules out the possibility of embezzling the prepayments via artificial operations.