BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use
French bank BNP Paribas (BNP) is promoting the use of China’s digital yuan by linking wallets to bank accounts, the South China Morning Post (SCMP) reported on Friday.
BNP Paribas’ corporate clients will be able to connect to China’s central bank digital currency (CBDC) – or “e-CNY,” as it is known – through a connection to the Bank of China’s (BOC) system.
BOC is one of eight banks authorized to handle China’s digital currency business.
