China Telecom, one of the three largest telecom companies in China, launched the wallet it developed for the national digital central bank currency (CBDC).
- China Telecom customers e-CNY It will be able to use the digital central bank money, which it calls the company, through the company’s mobile application.
- Users who verify their identity and register their bank account will be able to transfer money with digital renmibni and transfer money by scanning the QR code.
- According to China Telecom’s statement, the wallet was developed in conjunction with the Bank of China.
- The wallet is produced thanks to NFC technology as well as online payments. pay offline as well can be used for.
- China Telecom offline payment feature will continue to be developed and users will “when you are in the basement, in the parking lot, in the mountainous areas and in the disaster areas” He also stated that he could take action.
- China Telecom, which actively participates in the R&D studies for e-CNY developed by the Central Bank of China (PBOC); It will also work on digital money using 5G and internet of things technologies.
The article named China Telecom Opens Digital Yuan Wallet for Use was prepared by Ömer SAKMAR and published on koinbulteni.com.