Six state banks start promoting digital yuan wallets, PBOC official stresses privacy protection in the digital currency
Six state banks start promoting digital yuan wallets, PBOC official stresses privacy protection in the digital currency

Six state banks start promoting digital yuan wallets, PBOC official stresses privacy protection in the digital currency

 

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Six largest state-owned commercial banks in China have started accepting public applications to open trial on digital-yuan wallets, part of a move to pave the way for the digital currency's nationwide rollout.

According to a report by China's state-run China Securities News on Tuesday, the testing process of the digital yuan, also known as the Digital Currency Electronic Payment (DCEP), is accelerating and the six largest state-owned commercial banks have started to promote the digital yuan wallet to their customers.

Chinese citizens in Shanghai can apply at one of . . .

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