China Banks began to open wallets for digital yuan to everyone


Six Chinese state banks began to accept applications for activating electronic wallets for digital yuan from all interested citizens.

Now the inhabitants of Beijing and Shanghai can contact any of the largest financial institutions in the country to access the new type of money. Earlier it was available only to the winners.

Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China, Postal Savings Bank of China and Communication Bank are participating in the pilot program.

Although every citizen can contact the bank with a request, but they will not approve automatically. According to the Chinese media, all statements will be considered by the Central Bank of China, and for each decision will be made individually.

After approving the application within 24 hours, a new user will come to a SMS with instructions for loading and activating the wallet. When registering, a person will be obliged to introduce his real name and other personal data, as well as the names of the Bank’s employees who registered it.

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