China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan

by Aurelia Butler 6 August 2020, 13:40 199 Views

According to an Aug. 5 report by Reuters, the banks are testing the wallet application to transfer money and make payments in China’s central bank digital currency, or CBDC. As reported, the development was initially revealed to China’s state-backed newspaper the 21st Century Business Herald by several employees at involved state banks in cities including Shenzhen.

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China’s State-Run Banks Reportedly Testing Wallet for Digital Yuan

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