Beijing's new digital yuan test features ATMs that convert digital currency to cash
News China
A video clip from local business media offers a first-hand look at how China’s digital yuan can be converted to cash via ATMs
The latest digital yuan test in Beijing also features the use of card-based hardware wallets, including an advanced version with fingerprint verification
The latest digital yuan test in Beijing featured automatic teller machines that could convert China's central bank digital currency to physical cash and vice-versa.
The Chinese capital is the latest city to conduct a real-world digital yuan test. The $1.5 million trial took place during the Lunar New Year holiday in early February.
As part of the test, the Industrial and Commercial Bank of China (ICBC) debuted eight ATMs in two of its branches in Beijing that had the icon of e-CNY (electronic Chinese yuan) on them.
A video clip from local business media Financial News offers a first-hand look at how the conversion between digital yuan and physical cash works in practice.
The feature is an integral part of the digital yuan framework that China is building ahead of a formal launch of its Digital Currency / Electronic Payment system.
https://www.theblockcrypto.com/post/95266/beijing-digital-yuan-cash-atm?utm_source=coinbase&utm_medium=rss
News China
A video clip from local business media offers a first-hand look at how China’s digital yuan can be converted to cash via ATMs
The latest digital yuan test in Beijing also features the use of card-based hardware wallets, including an advanced version with fingerprint verification
The latest digital yuan test in Beijing featured automatic teller machines that could convert China's central bank digital currency to physical cash and vice-versa.
The Chinese capital is the latest city to conduct a real-world digital yuan test. The $1.5 million trial took place during the Lunar New Year holiday in early February.
As part of the test, the Industrial and Commercial Bank of China (ICBC) debuted eight ATMs in two of its branches in Beijing that had the icon of e-CNY (electronic Chinese yuan) on them.
A video clip from local business media Financial News offers a first-hand look at how the conversion between digital yuan and physical cash works in practice.
The feature is an integral part of the digital yuan framework that China is building ahead of a formal launch of its Digital Currency / Electronic Payment system.
https://www.theblockcrypto.com/post/95266/beijing-digital-yuan-cash-atm?utm_source=coinbase&utm_medium=rss
