State-owned bank develops app to test China’s official digital currency

A pedestrian walks past a branch of Agricultural Bank of China (ABC) in Yichang, Central China’s Hubei Province in August 2013. File photo: ICChina is taking another major step toward issuing its official digital currency, as Agricultural Bank of China (ABC), one of the big four state-owned banks, has launched an app to test the currency that’s undergoing trials in four cities, an insider confirmed to the Global Times on Wednesday.According to widely circulated screenshots of the app, it supports functions such as digital asset exchange, digital wallet management and digital currency transacti…

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