In China, the pilot version of the ‘digital yuan wallet’ has been released on iOS and Android app stores.
The Central Bank of China has released the digital yuan wallet application for use on mobile phones, taking an important step towards developing its own CBDC (digital currency).
The app called “e-CNY” was developed by the Bank of China Digital Currency Research Institute for both Android and iOS.
According to the tweet shared by BlockBeats with screenshots, users in China can now download the version of the app to try the digital yuan.
https://twitter. com/BlockBeatsChina/status/1478213772288622595
Indicating that the application is in the pilot phase, the Bank of China stated that users must be physically located in Shenzhen, Suzhou, Xiong’an, Chengdu, Shanghai, Hainan, Changsha, Xi’an, Qingdao, Dalian and the Winter Olympics area in order to download the application and activate the wallet. required was also stated.