The bank intends to empower clients to make telephone installments by coordinating its e-CNY application with particular “super SIM cards” that have close field correspondence capacities. One of China’s largest state-owned banks, Bank of China, is currently testing an innovative SIM-card-based offline payment system. This method of payment was made especially for the digital yuan, also known as the e-CNY, which is China’s central bank digital currency (CBDC) currently being tested. This declaration was made by the bank on Monday in a virtual entertainment post, uncovering their organization with telecom administrators China Telecom and China Unicom and their aim to
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