The Chinese government have launched a pilot trial for its digital Yuan (e-CNY), the wallet feature is currently available to both android and iOS devices. The pilot version will be available for download by users and also learn how it works.
On the Android and iOS platforms, China has launched a digital wallet prototype for its digital yuan (e-CNY). The latest development comes as the world waits for the country’s native CBDC to be officially launched. After starting work on its sovereign digital currency in 2014, China was one of the first countries to do so.
According to a tweet from BlockBeats, a local digital media company, the trial version is accessible for anyone to download and use to learn how it works. According to the local report:
“This App is the official service platform of China’s CBDC for individual users to carry out pilot trials, providing e-CNY personal wallet opening and management, e-CNY exchange and circulation services.”
The e-CNY app is now available on iOS and Android app stores.
This App is the official service platform of China’s CBDC for individual users to carry out pilot trials, providing e-CNY personal wallet opening and management, e-CNY exchange and circulation services.#CBDC pic.twitter.com/c8S1newxiw
— BlockBeats (@BlockBeatsChina) January 4, 2022
Will the e-CNY be launched in 2022?
A screenshot of the claimed e-CNY wallet, which was designated for internal usage by banks, was posted online earlier in 2021. The wallet’s current layout appears to be very different from the previous disclosure. The construction was finished by the end of 2019, however, the Beijing government has yet to declare a formal debut.
The digital yuan has been deployed in a variety of businesses and platforms throughout the last two years of mass trials. Several million e-CNY have been airdropped by state provinces for consumers to test and use totally.
China’s e-CNY could be launched in 2022, and the government’s trial version of its digital wallet is one sign that the government may decide for a public rollout. However, because e-CNY is being used in millions even without a launch, the formal launch would be a continuation of the testing.