tMoA

Would you like to react to this message? Create an account in a few clicks or log in to continue.
tMoA

~ The only Home on the Web You'll ever need ~

    Beijing's new digital yuan test features ATMs that convert digital currency to cash

    mudra
    mudra


    Posts : 22381
    Join date : 2010-04-09
    Age : 67
    Location : belgium

    Beijing's new digital yuan test features ATMs that convert digital currency to cash Empty Beijing's new digital yuan test features ATMs that convert digital currency to cash

    Post  mudra Sat Feb 20, 2021 2:03 pm

    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


      Current date/time is Thu Jan 27, 2022 11:02 pm