Tencent and Ant Group-Backed Banks to Join China’s Digital Yuan Trial: Report

• Digital wallets from the two private banks will be added to the People's Bank of China’s digital yuan app alongside those from the six state-owned banks already participating, writes Bloomberg Monday, citing people familiar with the matter.
• ?? The bank told Bloomberg it will "steadily advance the trial pursuant to the overall arrangement of the People’s Bank of China."
• In addition to the existing six state-owned banks currently participating, digital wallets from MYbank and WeBank will be added to the People’s Bank of China’s digital yuan app.MYBank is already helping research and development on the central bank’s digital currency.
• Bloomberg reported that the bank would "steadily advance the trial based on a broad perspective of the People’s Bank of China."
• The trial has so far seem multiple "lotteries" in which Chinese residents have been gifted the token to spend at local merchants with the appropriate technology to accept them.

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