'Standardizing QR codes' for payment systems dominated by WeChat Pay and Alipay would be an essential step for e-CNY development, the official said.
“Standardizing QR codes” for payment systems dominated by WeChat Pay and Alipay would be an essential step for the e-CNY development, the official said.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.China’s digital yuan — its central bank digital currency in trial — must be available in all retail payment scenarios, a Chinese central bank official said Sunday.
Changchun Mu, head of the digital currency research institute at the People’s Bank of China , said at a trade forum in Beijing that wallet providers — such as WeChat, Alipay, commercial banks with their mobile banking apps and other payment apps including e-CNY operators — must remain wary of compliance requirements and obtain relevant financial licenses, local media The PaperThe first step in the upgrade process is to use digital yuan as the payment tool for all retail scenarios,“In the short...
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