Six major state-owned banks have begun to promote the digital yuan currency wallet

IT Home, March 23 news, according to the Shanghai Securities News reported that the digital yuan testing process is speeding up.

Currently, six major state-owned banks, including ICBC, China National Industry Corporation (CNIC), China Development Bank (CDB), China Construction Bank (CCB), China Communications Corporation (CCC) and China Postal and Reserve Corporation (CPC), have begun to promote the digital RMB currency wallet, the report said. In the state-owned banks' business outlets, customers only need to apply for a whitelist to participate in the test by setting up a bank's sub-wallet in the central bank's digital RMB App .

In addition, many application scenarios have begun to accept digital RMB. Not only Internet head platforms like Jingdong and Meituan, but also black pickup vending machines in the Shanghai metro and brick-and-mortar shopping centers like Xujiahui Huijin Department Store have begun to accept digital RMB as payment currency.

A banker said that the digital RMB wallet is significant for individual consumers because it is not necessarily tied to a bank card, and is the electronic equivalent of a real wallet, which is one of the features that distinguishes it from third-party payment tools.

Mu Changchun, director of the PBoC's Digital RMB Institute, said at the end of last week that current payment tools, whether it's a bank card or WeChat or Alipay, are tied to the bank account system, which opens a real-name account and can't satisfy anonymity claims. The digital RMB is loosely coupled with bank accounts, which can technically achieve anonymity in small amounts.

IT home learned that previously Shenzhen, Suzhou, Beijing, Chengdu and other places have launched the test activities of digital RMB, sending red envelopes has become an important driving mode.