China Construction Bank launches DCEP digital currency wallet

The move towards a fully digital economy took a turn today, the first unofficial images of China’s DCEP wallet and currency in use are beginning to appear.

Central Banks all over the world will follow! https://t.co/56SlFdmWZC

— DeFiNews (@DeFiNewsCom) August 29, 2020

The surge in registrations and users caused the app to be temporarily shut down, according to 8BTCNews.

Seems like it's being shut down because of too many people flooded in. 😂#CBDC #DCEP https://t.co/HLRlH5IS7J pic.twitter.com/1m92e86XRD

— 8BTCnews (@btcinchina) August 29, 2020

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What are your thoughts on China’s digital currency initiative?

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