Chinese Bank Launches ATM Allowing Users To Convert Cash to Digital Currency


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Bitcoin Ethereum News A Chinese bank is unveiling automated teller machines that allow users to deposit cash and convert them into digital currency. The Agricultural Bank of China (ABC), one of the largest banks in the world by assets, launched a pilot program that allows users to move their cash to digital renminbi (RMB), according to the Shenzhen News Network. The bank rolled out several ATMs across the province to facilitate the adoption of the digital currency, says Zou Hua, the manager of ABC’s digital RMB innovation lab. The media outlet also says Shenzhen conducted a lottery dubbed as digital...