Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank

[sirty143]

Chinese State-Owned Bank Offers Test Interface for PBoC Central Bank Digital Currency

The Agricultural Bank of China (ABC), one of the nation's four state-owned banking giants, is trialing a test interface for the country's central bank digital currency (CBDC). Screenshots of an internal mobile application developed by the ABC, initially seen circulating on WeChat on Tuesday... See more for yourself here.

Your opinion is greatly appreciated.

[Noverteno]

Due to the emergence of the coronavirus pandemic and the adoption of measures to disinfect paper money, states are very interested in issuing and circulating their national stable coins. The Chinese government has been developing its digital yuan for a long time and I hope that it will have a positive impact on the financial situation in the country and facilitate the fight against coronavirus. The emergence of stable state coins should increase people's interest in a decentralized cryptocurrency, because states will use the same blockchain technology.