• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Chinese Digital Yuan to Get Featured in Upcoming Huawei Smartphone

by CBDC Insider
November 2, 2020
in Asia, Business
Reading Time: 1min read
0
Chinese Digital Yuan to Get Featured in Upcoming Huawei Smartphone
Share on FacebookShare on Twitter

Huawei is set to release a new smartphone that will offer a wallet for users of China Digital Yuan.  They made this announcement yesterday the 30th of October through the Huawei Post and it has put the crypto community in a state of anticipation.

This new smartphone from Huawei is part of its Mate40 series of smart devices that comes with hardware-level security. The company is giving out this Mate40 Pro for free to any Weibo users to forward their posts to a higher number of people.

The Mate40 smartphone for digital yuan is the first of its kind. There hasn’t been a smartphone with a hardware wallet and users of China’s central bank currency can perform their transactions on the go. With the smartphone, users of the digital Yuan can perform double offline transactions and also control anonymity.

RELATED STORIES

Would CBDC Become a Golden Opportunity for Banks and Processors?

Would CBDC Become a Golden Opportunity for Banks and Processors?

March 20, 2023
Crypto News Recap: RBI and CBUAE to Develop CBDC

Crypto News Recap: RBI and CBUAE to Develop CBDC

March 20, 2023

They can do everything they want with their digital yuan even when they’re offline. Users can transfer yuan by touching two devices together and that’s it. They don’t need to have active internet to facilitate the transfer. Also, users will no longer have issues with protecting their identities. This device gives them more control to perform their transactions without revealing their identities.

Read more: https://invezz.com/news/2020/11/01/chinese-digital-yuan-to-get-featured-in-upcoming-huawei-smartphone/

Previous Post

Russian Bank Gazprombank Receives Authorization To Launch Institutional Cryptocurrency Services In Switzerland

Next Post

Australia’s Central Bank Launches Digital Currency Project

Next Post
Australia’s Central Bank Launches Digital Currency Project

Australia's Central Bank Launches Digital Currency Project

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register