Huawei integrates digital yuan into HarmonyOS NEXT for up to 1B users 📱
Huawei has integrated the Chinese central bank digital currency (CBDC), the digital yuan, into its HarmonyOS NEXT operating system. This integration allows users to make payments directly without the need to download a separate app. The feature is available to a potential user base of up to 1 billion people using Huawei devices.
This development signifies an important step in the adoption of China's digital currency, as it simplifies the process for users to engage with the CBDC. The integration showcases Huawei's commitment to pushing the boundaries of financial technology and offering seamless digital finance solutions to its users.
The move could also boost wider acceptance and use of the digital yuan, aligning with China's goals to transition to a digital economy. By embedding the digital yuan directly into the operating system, Huawei is positioning itself at the forefront of this transition, enhancing user accessibility and convenience.
Source: cointelegraph.com ↗