Which banks are involved in digital currency (which banks have digital currency businesses)?
Which banks are involved in digital currency? Industrial and Commercial Bank of
Which banks are involved in digital currency? Industrial and Commercial Bank of China (ICBC) is one of the earliest pilot banks in China to issue legal digital currency. As early as 2016, ICBC started participating in the issuance and circulation of the “digital wallet” authorized by the central bank. This means that payment methods such as “WeChat” and “Alipay” are also connected to it. Financial institutions such as “Ant Group,” “Ping An Group,” “Zhejiang Commercial Bank,” and other commercial banks have all started digital transformation. “JD Digits” is also actively promoting the application of its own blockchain technology. (21st Century Economic News)
Which banks have digital currency businesses?
According to incomplete statistics, there are currently 19 banks in China Banking Association that have joined the digital currency business alliance. Specifically, there are three major domestic institutions: the Industrial and Commercial Bank of China, the Agricultural Bank of China, and the China Construction Bank. Among them, ICBC was established in September 2012 and has been authorized by the People’s Bank of China to operate. In addition, there are two banks that provide blockchain technology services to commercial banks in terms of payment clearing and settlement. These banks are named after and led by Vitalik Buterin, co-founder of Ethereum, serving as the bank’s CTO.
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