On August 29, China Construction Bank opened a "digital currency wallet" in its official app. However, the function has been temporarily taken offline with a page showing "this function is not officially available to the public yet, please wait" while searching for "digital currency" in the app.
Users who have already topped up can't open their digital RMB wallets either.
Yicai.com quoted the bank's customer service as saying that digital currency-related products are still in the research and development stage, and only invited customers to experience testing that afternoon. For accounts that have opened a wallet, the system will automatically cancel the processing, and the money transferred by the user will be returned to the original savings account before August 30.
One of China's state-owned banks launches digital currency wallet in its app
Some users said that if the recipient has also opened a digital RMB wallet, they can enter their name (or nickname), the other party's mobile phone number, and other information to complete the transfer when using the transfer function.
In May of this year, the People's Bank of China (PBOC) Governor Yi Gang said that the digital RMB is currently being tested initially in Shenzhen, Suzhou, Xiongan New Area, Chengdu, and future Winter Olympics scenarios for internal closed pilot tests.
However, the current pilot tests are still just routine work in the research and development process, which does not mean that the digital renminbi will be officially launched on the ground, and there is no timetable for when it will be officially launched.
On August 27, CCTV reported that the testing and preparatory work for the Chinese central bank's digital currency is progressing in an orderly manner, with some civil servants in Suzhou already receiving part of their salaries in the form of the digital currency, and 19 companies, including McDonald's, in the Xiongan New Area beginning to pilot the digital currency.