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Agricultural Bank of China Rolls Out Test App for the Prospective Digital Currency, D

China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic.

This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.

Screenshots were  on WeChat this week in regards to this milestone. According to the information shared, it appears the ABC has already developed a front-end interface to enable client interaction with digital currencies.
Notably, ABC is among four Chinese state-owned banks that had earlier been tasked by the People’s Bank of China (PBoC) to roll out a pilot of its digital currency.