{"id":42196,"date":"2021-05-10T16:18:11","date_gmt":"2021-05-10T13:18:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42196"},"modified":"2025-08-30T22:08:32","modified_gmt":"2025-08-30T19:08:32","slug":"alipay-users-to-test-the-digital-yuan","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/alipay-users-to-test-the-digital-yuan\/","title":{"rendered":"AliPay users to test the digital yuan"},"content":{"rendered":"<p>The MyBank online bank will allow some clients to conduct transactions with the digital yuan (DCEP) in the Alipay app. According to the <a href=\"http:\/\/www.cs.com.cn\/yh\/04\/202105\/t20210510_6164960.html\" target=\"_blank\" rel=\"noreferrer noopener\">China Securities Journal<\/a>.<\/p>\n<p>This functionality will appear as part of MyBank&#8217;s participation in an expanded protocol pilot for digital yuan payments. The company confirmed the continuation of cooperation with the People&#8217;s Bank of China in this area.<\/p>\n<p>The owner of AliPay, Ant Group, holds 30% in MyBank. As of the end of 2020, the lending institution serviced 35 million clients \u2014 68% more than a year earlier.<\/p>\n<p>Another participant in the trials \u2014 <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-tencent-and-ant-group-backed-banks-to-test-the-digital-yuan\">online bank WeBank<\/a> of the Tencent Holdings \u2014 had not activated the bridge to DCEP for clients at the time of writing.<\/p>\n<p>The tests also include <a href=\"https:\/\/forklog.com\/en\/news\/six-banks-to-provide-wallets-for-digital-yuan-tests-in-suzhou\">six largest commercial banks<\/a>, which have developed corresponding wallets.<\/p>\n<p>In April 2021, ForkLog reported that Ant Group was ready to assist the regulator in creating <a href=\"https:\/\/forklog.com\/en\/news\/media-ant-group-to-help-pboc-build-platform-for-digital-yuan\">a platform for the digital yuan<\/a>.<\/p>\n<p>Earlier, online retailer JD.com announced that it had begun <a href=\"https:\/\/forklog.com\/en\/news\/jd-com-adopts-the-digital-yuan-for-payroll\">paying salaries in DCEP<\/a> and using it in interbank and commercial settlements.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The MyBank online bank will allow some clients to conduct operations with the digital yuan (DCEP) in the Alipay app, according to the China Securities Journal.<\/p>\n","protected":false},"author":1,"featured_media":42197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2179,1832,1095,133,57,1369],"class_list":["post-42196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-alipay","tag-ant-group","tag-cbdc","tag-china","tag-wallets","tag-yuan"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=42196"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42196\/revisions"}],"predecessor-version":[{"id":42198,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/42196\/revisions\/42198"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/42197"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=42196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=42196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=42196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}