Payment system news

China CBDC Institute: Chinese Cryptocurrency Offline Wallet Ready for Testing

Representatives of the China CBDC Institute said that currently the offline wallet for the national digital currency is ready for testing.

“The offline wallet has been developed and has a convenient interface for making transactions,” said Changchun Mu, head of the China CBDC Institute, stressing that the pilot tests of China’s digital currency have shown a positive result in the tests initiated by the Shenzhen Municipal Government. After the successful completion of the first phase, the developers decided to include more extensive payment contracts and a unique form of authentication in the pilot project.

Рустам Алиев

Recent Posts

Ripple’s XRP Risks Losing Spot Among Top 10 Cryptos by 2030 Unless This Crucial Shift Happens, Pundit Warns

Ripple-linked XRP may be one of the biggest names in the cryptoverse today, but its…

25 seconds ago

Billionaire Investor Chamath Palihapitiya Says Bitcoin Will Eventually Be Hacked by AI and Go to Zero

The debate over whether Bitcoin’s hashing algorithm can be hacked continues to evolve. This time,…

1 hour ago

Cardano Foundation Pushes Back on New MiCA Rules for DeFi and Staking

The Cardano Foundation has urged the European Commission not to broaden the Markets in Crypto-Assets…

5 hours ago

“1% of Global Capital Being Invested in Bitcoin Would See a Price of About $275,000,” Market Expert Reveals

Matt Crosby, a research director at Look Into Bitcoin, said in a recent interview that…

5 hours ago

Cardano Gains 1.7M New Traders Thanks to Pump.fun Integration Amid Midnight’s 2027 Block Production Shift

Cardano could be heading toward a fresh wave of adoption as market analyst Lana Valentis…

1 day ago

Ripple’s XRP at $1.3: Is a 6.8X Rally Next as Ledger Transaction Volume Explodes to $49.7 Billion?

XRP bulls may have a reason to smile after a sharp surge in on-chain transaction…

1 day ago