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Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly

by CBDC Insider Staff
September 2, 2020
in Asia, Business
Reading Time: 1min read
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Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly
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China Construction Bank (CCB), one of the country’s largest state-owned banks, reportedly launched a digital renminbi wallet in its official app Saturday, Sina reported citing a 21st Century Business Herald reporter. Users in the areas where the digital yuan is being tested, such as those in Shenzhen, reportedly could register for the wallet.
The bank’s user agreement explains that the services provided by the digital renminbi wallet include payment, redemption, transfer, and credit card recharge, the publication detailed, adding that there are four levels of the digital renminbi wallet with varying balance and payment limits.

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