Yesterday a screenshot emerged showing an online wallet used in testing China’s central bank digital currency (CBDC). The wallet referred to the Agricultural Bank of China (ABC), one of China’s big four state banks, which is known to be involved in piloting the digital Yuan, also referred to as DCEP (digital currency / electronic payment).
There was a link to the abchina.com website, which is no longer available. However, part of the address included WeBank, which is sister to WeChat Pay which is thought to be participating in tests.
Continue read: https://www.ledgerinsights.com/china-digital-currency-wallet-dcep-cbdc/
