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China Pilots Mobile Digital Wallet for eCNY Push

News Snapshot:

– Government attempts to marginalize open public blockchains were a theme of 2021 – Government attempts to marginalize open public blockchains were a theme of 2021 New wallet is available for both iOS and Android Chinese efforts to roll out a digital yuan got a boost on Tuesday with the availability of a digital wallet for iOS and Android, according to the China blockchain news service Blockbeats and Reuters . The new app will link users’ phone numbers to payment services provided by commercial banks using the Chinese central bank digital currency (CBDC). The eCNY is expected to eventually replace…

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