Coinspeaker
Bank of China Launches Offline Payment Trial for Digital Yuan
The Bank of China is cooperating with China Telecom and China Unicom, two of the country’s major telecom operators, to enable offline transactions for the digital yuan via SIM cards. The move forms part of China’s broader push to digitalize cash and coins in circulation. It was announced on July 10 with trials commencing immediately the next day.
How China Is Conducting the Trials
Per the announcement, the initial phase of the trials will involve only specific Android phones. Again, it will only take place in specific regions, including Beijing, Shanghai, Shenzhen, Chengdu, and Suzhou.
Users will be able to make payments with the digital yuan even without a bank account or an internet connection. To allow this, the trial combines the digital yuan app with specialized “super SIM cards” possessing near-field communication capabilities.
For now, the e-CNY app has a limit of 500 yuan ($77) per transaction and
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