Another private company, Shenzhen Techo Telecom, announced its work with a Chinese central bank in the framework of a pilot project with a digital yuan.
It looks like the telecom service provider under the name Shenzhen Techo Telecom does not want to make public any details of its participation in the testing, limiting itself by a message about “checking the work of DCEP and the related movement with a commercial bank.”
Last year, the company announced a collaboration with the manufacturer of mobile devices Huawei. With this, the organizations agreed to create a number of solutions to ensure the safety of financial technology and cloud computing.
Today, Shenzhen Techo Telecom joined the digital currency project of the central bank, which continues to actively move forward. At the end of the last week, one of the largest banks in the country, China Construction Bank (CCB), set up an electronic wallet for payments in digital yuan for a short period of time.
In addition, two weeks ago, the Chinese state banks filed a whole series of patents for the blockchain, and Beijing changed its extensions for expanding of the digital yuan.
