News Snapshot:
The Postal Savings Bank of China (PSBC), a Chinese commercial bank, has created another hardware wallet for digital yuan payment, as part of China’s efforts to carry out large-scale trials for its proposed central bank digital currency (CBDC) project. Dual Purpose Digital Yuan Hardware Wallet Targets the Elderly According to local media outlet Xinhua News on Tuesday (FeB., 16, 2021), PSBC is trialing a biometric card which Chinese residents can use for digital yuan payments. The card comes with a biometric sensor which helps to verify the user’s identity via fingerprint and also authenticate payments both online and offline. Apart...
