Chinese-State Owned Bank Reportedly Trialing A Test Interface For CBDC
Chinese-State Owned Bank Reportedly Trialing Test Interface For CBDC
April 15, 2020
Chinese-State Owned Bank Reportedly Trialing A Test Interface For CBDC
Chinese-State Owned Bank Reportedly Trialing Test Interface For CBDC
April 15, 2020

The Agricultural Bank of China (ABC) is trialing a test interface for China’s central bank digital currency (CBDC).

Screenshots of a pilot version of a mobile application developed by the ABC is seen circulating on social media. It shows the bank has already developed a front-end interface of how users could potentially interact with China’s CBDC.

Ling Zhang, executive director of M&A, Global Fiat, at cryptocurrency exchange Binance first shared the images on April 14

According to Ling Zhang, the app is available for download in four cities selected for the initial trial:

The testing application, is also available for download on iOS and Android mobile devices via a site on ABC’s domain.

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It offers a peek into the features that will be offered through a DE/CP wallet, including paying via a QR code, receiving and sending payments and initiating transactions by touching another user’s phone.

The application also offers users a registration option. However, the registration function is currently in test mode as it only allows whitelisted users to complete the registration process.


Source: CoinDesk | Pixabay

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