Screenshots of a purported pilot version of a wallet app for China'south forthcoming digital yuan are circulating on social media.

Ling Zhang, executive managing director of 1000&A, Global Fiat, at cryptocurrency exchange Binance starting time shared the images on April xiv, after retweeted by the exchange'south CEO, Changpeng Zhao.

Screenshot ostensibly showing a new testing wallet app for the digital yuan

Screenshot ostensibly showing a new testing wallet app for the digital yuan. Source: @lingzh1220

Iv cities selected for the trial

According to Ling Zhang, the app is bachelor for download in four cities selected for the initial trial — Shenzhen, Chengdu, Suzhou and Xiongan. She highlights the inclusion of Xiongan, a new city located on the outskirts of Beijing, which has been the site of a so-dubbed "smart metropolis brain project."

The Xiongan New Surface area volition take enhanced intelligent infrastructure that spans satellite information services, sensor recognition, a 5G network, supercomputing and big data facilities. The city has already attracted the country'southward tech giants Tencent, Alibaba, JD.com and Baidu, with President Xi Jinping visiting on more than one occasion.

Commenting on the screenshots, CZ remarked on Communist china's apparent "execution speed" in rolling out its trial for the fundamental bank digital currency.

Alee of the game

Every bit recently reported, China appears to accept been accelerating the evolution of the digital yuan, notwithstanding the COVID-19 crisis.

On March 24, the Depository financial institution of China was alleged to have completed the development of the currency'south basic functions and to take already moved on to drafting laws for its implementation.