The Financial institution of China, one of many largest state-owned banks in China, is at present conducting trials for a novel offline cost system that connects to SIM playing cards. This cost technique is designed particularly for the digital yuan — China’s central financial institution digital forex (CBDC).
The July 10 announcement revealed the financial institution’s partnership with telecommunication operators China Telecom (NYSE:) and China Unicom (NYSE:), and its intention to begin testing the subsequent day.
Proceed Studying on Coin Telegraph