Major Chinese commercial banks in Shenzhen, South China‘s Guangdong Province, have started testing the application of the central bank-backed digital currency in recent days among their internal employees, under which the Digital Currency Electronic Payment (DCEP) is used for payments and transfers, industry observers confirmed with the Global Times.
Employees at those banks can download a digital wallet app named “digital RMB” for the digital currency‘s closed trial, and each digital wallet account has a corresponding code that is linked to the employee‘s identity, an executive of a Shenzhen-based blockchain company who spoke on condition of anonymity, told the Global Times Thursday.
Continue read: https://pinevillevoice.com/chinas-four-largest-banks-trial-digital-currency-payments/
