TheBlock
2021-01-15 15:31:26

Ant Financial quietly conducted a digital yuan test in Shanghai via AliPay

Quick TakeAlibaba’s payment affiliate has quietly debuted a small-scale test of digital yuan via its mobile app AliPay.This was the first known instance in which the digital yuan was tested in a mobile wallet developed by a non-state-owned entity.But it appears the test did not draw much attention amid China’s ongoing scrutiny over Ant Financial.

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