Bank of China is testing a biometric hardware wallet in the form of a card. The application is to be used in terms of digital payments expressed in e-juans. However, that is not all. The system has been expanded to include other functions, such as health care. Bank of China creates e-juan wallet China's testing of the digital yuan continues to gain momentum. According to Xinhua news agency, the Postal Savings Bank of China has already created a prototype biometric hardware wallet for the project. The biometric hardware wallet allows users to easily verify their identity using fingerprint readers. Currently, consumers participating in the Beijing CBDC study can also use the new system under test to access healthcare services. Postal Savings Bank of China has also already confirmed that the hardware wallet, which is still in the testing stage, is designed to provide easier access to CBDC and healthcare services, especially for the elderly without the need for smartphones. - With this card, it is much more convenient to enter and exit public places, and you can pay with a single swipe. This is especially suitable for the elderly who find it difficult to use smartphones, the bank experts added. As previously reported by the media, Postal Savings Bank of China first began developing physical wallet cards in January. The new biometric card is another in a growing list of hardware wallets that will be dedicated to the digital yuan. A few days ago, the Xiong'an branch of the Agricultural Bank of China also developed its hardware wallet to help pay consumers with digital yuan. CBDC in China There are many indications that the digital yuan will be the first CBDC system to be developed by a world power. It is possible that Chinese people will be able to pay with e-juan as early as this year. It is worth mentioning that in addition to creating hardware wallets, the Agricultural Bank of China has also launched an ATM pilot program to allow citizens to exchange cash for digital yuan. Several municipal governments have also used aidrop systems and lotteries as ways to bring digital currency electronic payments to the market early. Tags Bank of china cbdc yuan
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