Chinese Blockchain E-Wallet Appears in Apple App Store

Chinese Blockchain E-Wallet Appears in Apple App Store

A Chinese “Blockchain E-Wallet” update has reportedly shown up in the Apple App Store amidst the potential Chinese ban.The e-wallet employs blockc

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A Chinese “Blockchain E-Wallet” update has reportedly shown up in the Apple App Store amidst the potential Chinese ban.

The e-wallet employs blockchain technology and allows users to connect their People`s Bank of China (PBoC) debit card.

According to the Chinese cryptocurrency news service cnLedger and cryptocoinnews.com, the app was launched by Bejing Arxanfintech. However, cnLedger`s article reportedly claims that it was “presumably developed / designed by Bank of China.”

A translation of the app description said:

“Users through the electronic wallet in the red envelope function can be issued to all registered accounts within the system fixed or random amount of red envelopes….Users through the electronic wallet in the red envelope function to receive red envelopes.”, as cryptocoinnews.com reported.

It was previously reported that the People`s Bank of China, China`s central bank, is recruiting specialists for positions focused on developing a digital currency.

“The digital currency team… should clarify the strategic objectives of central bank digital currency issuance, thoroughly research key technologies, research various applications for digital currency to help the central bank introduce a digital currency, as soon as possible.”, as the bank commented as quoted by cryptocoinnews.com at the time.

Still, the Blockchain E-Wallet rumours appear controversial especially in light of recent reports saying that the People`s Bank of China plans to ban Bitcoin exchanges, as cryptocoinnews.com pointed out.

The subject is to be followed as China`s policy may have huge impact on the cryptocurrency world.

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