The post China’s PBOC Unveils a New Offline SIM Card-Based Digital Yuan Wallet! appeared first on Coinpedia Fintech News
The People’s Bank of China (PBOC) has created an offline SIM card-based digital yuan wallet that allows users to make transactions even if their mobile device is turned off. The wallet has been created by the PBOC’s Digital Currency Research Institute and is undergoing tests in Shenzhen and Suzhou. This development is significant as it …