China’s central bank launches digital yuan wallet app · TechNode

China's central bank launches digital yuan wallet app · TechNode

The People’s Bank of China releases a digital yuan wallet app. China’s state grid completes the country’s first digital yuan smart contract payment in the solar power industry. The eastern city of Ningbo embraces blockchain technology. Taiwanese pop star Jay Chou shows support for friend’s NFT project. 

Blockchain
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The world of blockchain moves fast, and nowhere does it move faster than China. Here’s what you need to know about China’s block-world in the week of Dec. 29 to Jan. 4.

Digital yuan progression

China’s central bank, The People’s Bank of China (PBOC), released a digital yuan wallet app on various app stores on Jan. 4. PBOC’s Digital Currency Institute, the developer of the national digital currency, also developed the app. The app is a consumer-facing payment app, helping the central bank to carry out trials of digital wallets, exchanges, and circulation services using the digital currency. (

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