E-CNY Wallet App Launches on App Store and Google Play
Chinese authorities have launched a pilot version of a mobile wallet to use the digital yuan. According to BlockBeats, the app can be downloaded from the App Store and Google Play.
However, to download the app, you need to be physically located in one of the regions where the wallet is being pilot tested: Shenzhen, Suzhou, Xiong’an, Chengdu, Shanghai, Hainan, Changsha, Xi’an, Qingdao, Dalian, or the Olympic Winter Games zone.
Application users will be able to open a personal wallet, exchange and transfer e-CNY. The People’s Bank of China’s Digital Currency Research Institute is listed as the developer of the initiative.
As you know, the Chinese authorities banned not only the mining of cryptocurrencies but also any operations with other cryptocurrencies to promote their own CBDC in the country. Many miners had to stop working and others had to move to neighbouring countries. Cryptocurrency trading exchanges have also been forced to shut down.