China’s central bank releases pilot version of digital yuan wallet
The “e-CNY (Pilot Version)” app was made available for download in the Chinese Android and Apple app stores on Tuesday. As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores.The People’s Bank of China (PBoC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android and Apple app stores on Tuesday in Shanghai.According to a tweet from BlockBeats, a local news source, individual users in China....
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A local report suggests the pilot is an indication that the digital yuan is close to being launched.
Some winners purchased additional digital yuan during the pilot. The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red packets” of digital yuan.As of Oct. 18, a total of 47,573 out of 50,000 lottery winners in China have received their prizes, Shenzhen authorities officially announced on Sunday. According to the announcement, the winners conducted a total of 62,788 transactions accounting for 8.8 million yuan ($1.3 million). This amount represents about 88% of the total 10 million yuan ($1.5 million) that was to be distributed in the....
China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection. A Chinese banking institution has completed the development of a hardware wallet for the country’s central bank digital currency, the digital yuanAccording to a Feb. 7 announcement by Xiong’an authorities, the Xiong’an branch of the Agricultural Bank of China in Hebei has produced the first hardware wallet designed for the digital yuan. The product was developed by the Party Working Committee of the Xiongan New Area and the People’s Bank of China branch in Shijiazhuang.New....
China reportedly implemented the country’s first blockchain-powered digital yuan transactions in the Xiong’an New Area. China is progressing with its central bank digital currency (CBDC) tests, debuting blockchain-enabled salary payments in the digital yuan.According to the official website of the Xiong’an New Area, the People’s Bank of China (PBoC) has successfully completed the nation’s first on-chain wage payouts in the digital yuan.Announcing the news on Saturday, Xiong’an authorities said that the pilot involved guidance and support from the Shijiazhuang-based PBoC branch, the Bank of....
China’s central bank has released its digital currency wallet app ahead of the Winter Olympics. The wallet app for the digital yuan, also known as e-CNY, can now be downloaded from the iOS and Android app stores in the country.
Digital Yuan Wallet App Now Downloadable From iOS and Android App Stores
China’s central bank, the People’s Bank of China (PBOC), has released a pilot version of its central bank digital currency (CBDC) wallet application.
Developed by the PBOC Digital Currency Research Institute, the wallet app for e-CNY, also known as....