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Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks

Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can now apply for a digital yuan wallet. According to the report, six different Chinese banks will participate in the process.
Beijing and Shanghai Residents Can Apply to Test the Digital Yuan Wallet
A recent report published by China’s Securities Times, explains that residents from China are now able to apply for the digital yuan wallet. The wallet is compatible with the People’s Bank of China’s digital currency project.
The report indicates that residents who live in Shanghai and Beijing can now apply for the wallet through six state-owned financial institutions.
The regional report also says that the banks involved with the digital wallet application procedure include the Agricultural Bank of China, Bank of Communications, Bank of China, Bank of Communications, China Construction Bank, and the Postal Savings Bank of China.

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