State-owned Chinese bank Agricultural Bank of China (ABC) has started testing the operation of the national digital currency in ATMs in Shenzhen.
ATMs of some ABC branches in Shenzhen have received an update allowing users to access the digital Yuan. The bank’s customers will be able to convert ordinary Yuan to digital currency through ATMs and vice versa.
Testing the digital Yuan at ATMs was part of a second pilot program in Shenzhen, in which residents of the city received 200 digital Yuan to pay for goods and services.
The state bank also launched the “Digital Yuan Innovation Laboratory,” which develops new ways to use the state cryptocurrency.
Recall that in early January, the Network “leaked” photos of a hardware wallet for the digital Yuan. This digital wallet is made like a credit card and is equipped with a liquid crystal screen that displays the details of the operation.
Testing of the mobile wallet for the national digital currency by ABC Bank began in April 2020.
Originally published at https://thecryptobasic.com on January 12, 2021.
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