China Construction Bank Briefly Launched Its "Digital Currency Wallet" Service, Which Is Still Under Test
摘要： Users could bind bank cards to activate directly, and this feature was only available in some test areas.
On August 29, China Construction Bank (CCB) briefly launched the "Digital RMB Wallet" service on its official app, but temporarily went offline that function.
It showed that two sub-menus, "Digital Wallet Recharge" and "Digital Currency", were added to the CCB APP yesterday. Users could bind bank cards to activate directly, and this feature was only available in some test areas.
The CCB responded last night that on the evening of August 28, CCB carried out related functional tests on the mobile banking system, but the test had ended temporarily. Besides, this wallet service was just a test content in the process of technology research and development, and did not mean that the digital RMB was officially released. The currently closed test of digital RMB would not affect the commercial operation of listed institutions, nor would it affect the RMB's issuing and circulation system, financial market, and social economy outside the test environment.
Meanwhile, it was reported that during the online period of the function issued, users who had activated this function can transfer money from the associated savings-card to the electronic wallet, but the current recharge users could no longer open their digital RMB wallet.
CCB explained that digital currency-related products were still in the research and development stage, and only invited customers could experience this function in that period. Besides, for accounts that had already opened a wallet, the system would automatically cancel it, and the money transferred by the user would be returned to the original savings account before August 30.
According to Caixin.com, in addition to the participation of the four major state-owned banks, Alibaba, Tencent and the three major mobile operators, the Postal Savings Bank of China had also been connected in the digital currency project in May of this year, and among joint-stock banks, at least China CITIC Bank had already been involved.
In terms of usage scenarios, in addition to possible scenarios such as paying for civil servants' salaries, the traffic scenarios currently planned or already undergoing technical testing with the CBDC project include Meituan, Didi, Bilibili, ByteDance and Blue Letter.
An insider said that whether it was a joint-stock bank or a traffic scenario, its role was not the "2-tier" placement status of state-owned banks, but closer to the "2.5-tier", which meant that the APP itself did not have the function of opening a digital RMB wallet, but could only be accessed in the form of application program interface API and software development kit SDK.