It will be launched soon Huawei wallet - digital wallet yuan, which will be integrated with the devices of the Chinese giant. Commentators take this as an announcement that the Chinese central bank is preparing to introduce its own digital currency.
Digital wallet on Mate 40 devices
Huawei wallet, which is to support the digital yuan, will be available primarily on devices from the Mate 40 series. The digital wallet will have adequate security, ensuring anonymous protection and the function of offline double transactions. Some environmental watchers cryptocurrency interpret the news as announcing that the central bank of the People's Republic of China is ready to introduce its own digital currency (CBDC).
Digital yuan (DC/EP) has been undergoing tests for many months, the culmination of which is to be the Huawei wallet. One of them was recently carried out in the city of Shenzhen, its inhabitants took part in a special lottery, as part of which they received 10 million digital yuan. The winners could allocate funds to an application dedicated to smartphones, available for purchase at one of the thousands of digital yuan points already. Let us add that the value of the digital yuan is the same as that of the traditional yuan, so DC / EP 10 million is close to USD XNUMX million.
Huawei is a partner of the Chinese government
We already know that if the digital yuan is officially launched, it will be supported by Huawei devices. However, it is difficult to clearly indicate whether they will be compatible with others CBDC (Central bank digital currency). It is also unclear whether users of the Mate 40 model, on which the Huawei wallet is to be available, will have the option of converting the traditional yuan to digital with it and vice versa. Although there are still some doubts related to the entire project, it can be assumed that access to the digital yuan will be extremely simple, and it is possible that in the near future the conversion of traditional currency to digital will be automatic. It should also be emphasized that Huawei, as a Chinese leading brand in the world, is an ideal partner for the Chinese government.