China’s central bank releases pilot version of digital yuan wallet

China’s central bank releases pilot version of digital yuan wallet

As China’s central bank steps up its effort to create a digital currency, the country has released a pilot edition of its digital yuan wallet application on mobile phone app stores.

The People’s Bank of China (PBoC) digital currency research institute developed the “e-CNY (Pilot Version)” app, which was available for download on Chinese Android and Apple (NASDAQ:AAPL) app stores on Tuesday in Shanghai.

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