The largest bank in China allows you to convert digital yuan into cash at more than 3,000 ATMs

Posted:

Jun 19, 2021 09:31 GMT

The Agricultural Bank of China – one of China’s “Big Four” banks – also introduced the feature at 10 ATMs in Beijing.

The Industrial and Commercial Bank of China (ICBC), the largest bank in the Asian country, became the first to allow the digital yuan to be converted into cash by more than 3000 ATMslocated in Beijing, reach This Friday Xinhua Financial.

According to the agency, the Agricultural Bank of China – one of China’s “big four” banks – offered the job at 10 ATMs in the Wangfujing district of Beijing.

This Wednesday began the digital yuan testing program in amusement park, amusement park From Beijing, allowing customers to pay with the new digital currency in many stores.

Also, in recent months, Chinese authorities have distributed millions of digital yuan to citizens through a series of the lottery It was held in different cities as part of its testing program and plans to expand this program in the future.

The country’s central bank – the People’s Bank of China – revealed last year its plans to launch a digital currency in the face of Beijing 2022 Winter Olympics In detail, the new payment system will have some characteristics Cryptocurrency, although unlike these, it will be regulated by a state body.

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