China’s Digital Currency(DCEP) And Its Development With Blockchain Technology

  • For example, ICBC mobile banking digital currency wallet “Smart Swap” interface shows that digital currency can be automatically converted into demand deposits.
  • CCB The mobile banking digital currency interface also has a “Balance Automatic Redemption” function. This function is a personalized service provided by CCB for individual users and supports the automatic payment of DCEP in the CCB digital currency wallet.
  • In addition, there is an “Automatic Combination Payment” function in the market. Taking China Construction Bank as an example, after enabling this function, when the user pays through the CCB digital currency wallet, if the wallet balance is insufficient, the difference between the payment amount and the wallet balance will be automatically deposited into the wallet by binding the bank card with this function. , and complete the payment. Using this function to deposit the bank card balance to the wallet, the single transaction limit is 5,000 CNY, and the daily cumulative transaction limit is 10,000 CNY.

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