The State Bank of China Agricultural Bank of China (ABC) has begun testing an application developed on the basis of the national cryptocurrency being created. Studies are conducted as part of a pilot program initiated by the regulator. Currently, Xunan, Suzhou, Chengdu and Shenzhen are test sites.
With the help of development, users will have the opportunity to make transactions and payments using a QR code, convert cryptocurrencies, and also track changes in their personal wallet.
It is worth noting that earlier the country’s authorities noted that the national cryptocurrency will use the advantages of cryptography and distributed registry technology, and will be able to give a number of advantages to the country’s financial system, for example, reduced costs, speed and security of transfers. Experts believe that in this way officials want only to tighten control over the movement of money of their citizens.
With more than $40 billion in lifetime volume and over 100,000 monthly active users, Jumper…
Pepe is drawing significant interest from traders entering the meme coin market, attracted by renewed…
Stellar network continues to garner greater investor trust in public-chain performance. This comes as CME Group today…
Mutsamudu, Comoros, September 25, 2026 – MEXC, a pioneer in 0-fee digital asset trading, recorded…
Solana could be gearing up for another major growth catalyst as a long-awaited network upgrade…
The pseudonymous Bitcoin creator Satoshi Nakamoto has been a major topic of conversation amongst market…