Several sources from state-owned banks said they are testing digital wallet applications on a large scale in Shenzhen and other places in preparation for the official landing of China's digital currency, according to 21jingji.com.
The digital currency project is being led by the central bank, and banks were testing it for months beforehand on landing scenarios. At present, some of the internal employees of large banks have begun to use it for transferring funds, paying bills, and other scenarios.
The digital currency can be used to recharge, withdraw cash, transfer funds, sweep code consumption, etc., in which the transfer can be carried out only with each other's mobile phone number, and is testing no network transfer function, the report said.
In early August, a source from a major state-owned bank said, in recent days, Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank and the internal testing of "digital RMB" electronic wallet, considering the system load and other reasons, is still in the internal testing stage, the report said.
