350% or 5BTC + 150 Spins!
New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins
Gearing up for a full scale launch, China’s central bank has now released its digital yuan wallet application, the “e-CNY” app in the Chinese Android and Apple app stores on Tuesday.
Chinese blockchain news magazine, BlockBeats, revealed on Twitter that more individual users in China are able to download an earlier version of the application to try out the wallet and digital transactions.
While it comes close to a soft launch, Reuters reports that the app only accessible to select individuals through authorized e-CNY service providers, as it is still in an experimental phase.
Two months ago, the wallet got its launch as am official of the People’s Bank of China (PBOC) announced that 140 million people in the country had already opened wallets for the digital yuan. Now the next step to adoption of its wallet has been rolled out. Foreign visitors should be able to use the digital yuan at the Beijing Winter Olympics this February.
While the world still awaits a nation that has rolled out a final version of their central bank digital currency, China was among the first to develop its sovereign digital currency after starting the development work in 2014.
Recently, the central bank of Jamaica announced to launch in the first weeks of 2022 and Japan is also testing its digital currency, while many European and Asian nations are still years behind in terms of development and testing.