Major Chinese state-owned banks have opened the doors to applications from members of the public seeking access to digital yuan wallets in Shanghai and Beijing.
The development indicates that the multi-stage digital yuan tests occurring in different parts of China are in the process of widening in scope. Specifically, six state-owned commercial banks in Shanghai are now allowing public users to apply for wallet activations, according to a Tuesday report from the Chinese state media outlet Securities Times.
The six banks include the Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank of China and Bank of Communications.
In addition, Beijing Business Times said on Wednesday that at least three of the aforementioned commercial banks are also opening up the application process in Beijing for public users.
The move is notable because, in previous tests, users were required to either win a lottery or be invited
Binance France Encourages Fiat-to-Crypto Conversion Post Paysafe Exit
The exchange sees this as an opportunity to attract new business partners. Binance is working hard to speed…
