China pilots it’s National Bank backed digital currency in new mobile app

posted 6 months ago
The Agricultural Bank of China launched a test-app for the Digital Currency/Electronic Payment system. While WeChat or AliPay are accepted by ~80% of retailers, many retailers accept only one or the other, not both. China’s digital currency will be accepted by all, according to the law. Also, China will have complete visibility of all transactions.
Tags: blockchain, news