The Currency Scene:
News, Events, and Stories about currency from around the world.

HTTP/2 200 date: Tue, 12 Jan 2021 15:16:34 GMT content-type: text/html; charset=UTF-8 set-cookie: __cfduid=d10049afd7b2e25c5a21aafe6fc4c8e871610464593; expires=Thu, 11-Feb-21 15:16:33 GMT; path=/; domain=.nfcw.com; HttpOnly; SameSite=Lax; Secure link: ; rel="https://api.w.org/", ; rel="alternate"; type="application/json", ; rel=shortlink vary: X-Forwarded-Proto,Accept-Encoding last-modified: Tue, 12 Jan 2021 15:15:39 GMT cache-control: max-age=0 expires: Tue, 12 Jan 2021 15:15:39 GMT age: 54 x-cache: HIT cf-cache-status: DYNAMIC cf-request-id: 0798c49fdd0000efcc85acd000000001 expect-ct: max-age=604800, report-uri="https://report-uri.cloudflare.com/cdn-cgi/beacon/expect-ct" report-to: {"endpoints":[{"url":"https:\/\/a.nel.cloudflare.com\/report?s=zgVd7eedoIVk0%2BnLd5Ne%2Bswa3HbqoJx5LED7rTBxHYAH3xm%2FKJCPtv%2FjkHmW0uRz%2FePzixiJEWWqjflz2OU5RKHrDbxcYipgJhM174k%3D"}],"group":"cf-nel","max_age":604800} nel: {"report_to":"cf-nel","max_age":604800} server: cloudflare cf-ray: 6107d6dfc822efcc-EWR Agricultural Bank of China pilots central bank digital currency ATMs • NFCW

Skip to content[1]
By Tom Phillips[2] • Updated nfcw.com[3]

People's Bank of China digital currency on smartphone screenPeople's Bank of China digital currency on smartphone screen
The Agricultural Bank of China[4] has launched pilot ATMs that enable customers in Shenzhen to deposit and withdraw money in the form of digital yuan, the country’s central bank digital currency (CBDC).

The launch comes as part of the third large-scale trial of the digital currency in the city by the People’s Bank of China (PBOC), which has seen it distribute some 20m digital yuan to 100,000 consumers for QR code and touch-enabled payments at 11,000 retail outlets.

“The payment methods and merchant coverage of this trial are more abundant, and major banks are increasing the innovation of digital renminbi applications,” Shenzhen News reports[5].

“Agricultural Bank of China took the lead in launching ATM machines. The deposit and withdrawal function of digital renminbi guides citizens to adapt to the digitalization of cash and explore service transformation.”

The bank has also established “a head office-level ‘digital renminbi innovation laboratory’ in Shenzhen this year, focusing on the characteristics of digital renminbi to carry out innovation and pilot projects in new areas,” the publication adds.

“The Agricultural Bank

Read more from our friends at NFC World

Pin It

The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

Visit the CurrenScene Media Page