bullish
China Digital Currency: E-CNY Wallet App Launched Before Winter Olympics
Roger has highlighted this Insight as a Top Pick
383 Views06 Jan 2022 05:49
SUMMARY
- Trial version e-CNY digital wallet has been launched on iOS and Android app store as the country's central bank steps up its push to develop its own digital currency.
- The initial usage shows e-CNY digital wallet is best paired with bank-app to fulfill KYC requirement to open account; standalone digital wallet has difficulty to verify identification.
- The rising of China Digital Currency/Electronic Payment system could be disruptive to financial system. We believe it will lead the changes in payment, risk control, user data and credit history.
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Roger Xie
China and US Equity Analyst
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