The development of the state Chinese cryptocurrency continues – photos of a hardware wallet for the digital yuan appeared on the Web, which does not require a connection to a smartphone.
Despite rapid economic development, about 40% of China’s population still does not use smartphones. That is, about 700 million people will not be able to use a mobile application to work with state cryptocurrency. For such people, a self-sufficient hardware wallet in the form of a credit card is intended.
The hardware wallet, which was tested in Shanghai, is a credit card-format device with a monochrome LCD in the upper right corner. It displays the transaction amount, available balance and some details about the transaction.
“This is my first time using digital yuan for shopping. The system seemed to me very convenient, especially since I see the balance on the screen. It is very comforting, ”said Dr. Yu Yiming from a hospital in Shanghai. He used his new wallet to pay for lunch at the hospital canteen.
“So now everyone will see that I have very little money ?!” – the most popular comment on the publication on the Chinese social network Weibo.
“A hardware wallet for the digital yuan will help include people who previously did not have access to banking services into the financial system. It will also help the economy recover from the COVID-19 pandemic, ”said Flex Yang, CEO of Hong Kong-based Babel Finance.
Note that today, January 7, a new stage of testing the digital yuan began in Shenzhen. The residents of the city within the framework of the “free lottery” were transferred 20 million digital yuan, which at the current exchange rate is about $ 3 million. You can spend funds in 10,000 points throughout the city.
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