What’s new: Two major Chinese commercial banks have allowed their customers to start making payments in e-CNY without being connected to the internet, in another push to get more people to use the central bank-created digital currency.
On Tuesday, Bank of China Ltd. (BoC) partnered with telecom giants China Telecom and China Unicom to launch the new feature on the central bank-backed e-CNY app, according to a BoC statement.
On the same day, Industrial and Commercial Bank of China Ltd. (ICBC), the world’s largest lender by assets, collaborated with telecom titan China Mobile to make the same feature, according to an ICBC statement.
