Tuesday, 10 November 2020 01:51

Huawei’s Latest Smartphone to Ship with Digital Yuan Wallet

In the latest sign that China's national digital currency (DCEP) is likely to be technically ready for launch, Huawei has revealed that its latest Mate 40 line of devices will feature a built-in hardware wallet with hardware-level security, controllable anonymous protection, and dual offline transactions. Huawei has partnered with China's central bank to promote digital yuan pilot innovative applications. Users will be able to use the device as a digital wallet to shop at multiple outlets in the country. They will also be able to initiate transactions when they are offline.

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