China has issued an update to the pilot version of its digital yuan wallet app for Apple users that is “adapted to the iOS 15.4 system changes” released this week, and has uncovered an attempt to use the central bank digital currency (CBDC) in a fraud and money laundering case, according to NFC World.
The updated iOS version of the app — known as 1.07 — will be made available to Apple users across the 10 cities where the People’s Bank of China (PBOC) began piloting its CBDC wallet in January.
The new update “has improved accessibility services, supports ‘voice-over’ reading of passwords, improved the face recognition function, optimised the process of retrieving the login password and added more service prompts,” China’s IT Home says.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
