China’s digital central bank coin (CBDC) can be used in the 5G messaging service developed by the country’s telecom giants.
With the Industrial and Commercial Bank of China (ICBC), China Mobile has signed a contract to enable it to be used in the 5G messaging service. e-CNY wallet developed.
Thanks to the wallet, money can be transferred, bills can be paid and other different transactions can be performed through the messaging screen.
China’s three telecom giants, China Unicom, China Mobile and China Telecom, introduced the 5G compatible messaging service last year.
Based on RCS technology, the project has many different features such as voicemail, video message, location sharing, file transfer. The messaging service, which is not yet used on a large scale, is in China. to the WeChat app expected to be a competitor.
According to the news of the state-run Economic Daily newspaper, test studies for the messaging service will begin to spread across the country this month.
According to the data of the Central Bank of China, which continues to develop its digital currency, in the country $67 trillion There is a mobile payment volume. One of the biggest names in the industry, Alipay’s over 1 billion; WeChat Pay has more than 900 million users.