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E-CNY China digital currency e-ink visible card payment is issued

2021-01-08
The digital currency RMB (E-CNY) "hardware wallet" welcomes new developments. According to the People's Daily, in the staff canteen of Tongren Hospital affiliated to Shanghai Jiaotong University School of Medicine, a doctor uses the “visual card” of the Postal Savings Bank of China to use the digital currency RMB E-CNY “hardware wallet” to order food.

It is reported that participating in the pilot is the discoverer of Shanghai's first new COVID-19 patient-Dr. Yu Yiming, Department of Respiratory and Critical Care Medicine, Tongren Hospital. He used this digital currency E-CNY "visual card" of the Postal Savings Bank to complete the payment by swiping the card at the payment terminal of the staff restaurant. The whole process is similar to the operation of a normal bank card.
It is reported that participating in the pilot is the discoverer of Shanghai's first new COVID-19 patient-Dr. Yu Yiming, Department of Respiratory and Critical Care Medicine, Tongren Hospital. He used this digital currency E-CNY "visual card" of the Postal Savings Bank to complete the payment by swiping the card at the payment terminal of the staff restaurant. The whole process is similar to the operation of a normal bank card.

There is an electronic ink screen window in the upper right corner of the "visual card", which can display information such as consumption amount, balance, and offline availability.
China digital currency E-CNY retail issued
 
According to Tongren Hospital, in the future, focusing on the development of the big health industry, Tongren Hospital will further pilot the use of digital currency E-CNY in payment scenarios such as hospital diagnosis and treatment payments, physical examinations, and parking fees.

It's reported that the smart card wallets such as "visual cards" are a type of digital currency E-CNY hardware wallets. Consumers can understand them as our commonly used "transportation cards". The money is stored in the card and needs to be recharged in advance. In order to consume, this is also the key to "dual offline" payment.
China digital currency E-CNY visible card payment

How to recharge the smart card hardware wallets?
 
Visual cards can actually be divided into ordinary visual cards and visual Bluetooth cards, which interact with smart phones through NFC and Bluetooth to complete operations such as recharging. Of course, for convenience, ATM machines and some self-service terminals may also be upgraded in the future to facilitate the recharge of the digital currency E-CNY" hardware wallet".
 
 
At present, ICBC mobile banking App digital currency E-CNY wallet also has "visual card" related operation interface, including visual card binding, collection, recharge, etc., and this is only displayed on Android NFC phones. It can be seen that ICBC uses the NFC function of the mobile phone to recharge and collect money.

Per the report, from the previous patents published by the central bank, it summarizes the hardware wallet as a "digital currency chip card", and the digital currency chip card can specifically include visual Bluetooth IC cards, IC cards, mobile eSE cards, mobile phone SD card and mobile phone SIM card, etc. 5 types.
 
China digital currency E-CNY payment


 
The visual Bluetooth card generally refers to a smart card with a screen that displays information such as transaction amount and balance, and interacts with the smart phone through Bluetooth, NFC, etc., and can cooperate with the mobile phone App for query and account information synchronization. The above should belong to this type of product, and we have exposed similar products before.
 
Therefore, digital currency E-CNY visual card mainly depend on the way they interact with other devices such as smart phones. At present, in terms of price, NFC and electronic ink screen may be cheaper, plus Bluetooth, fingerprints and even other functions. The price will be higher, more biased towards wearable wallets.
China digital currency E-CNY retail mobile payment
 

Of course, , the visual card is not only a "hard wallet" solution, but also supports a "soft wallet", that is, the digital currency E-CNY is not stored locally in the card, and only the digital wallet account is bound by the card, and it’s still stored on the server. The card interacts with the smart phone via Bluetooth and synchronizes account information within a fixed time. This form of visual card is actually the same as the digital RMB account in the App. The account information needs to be synchronized within a certain period of time, so it can only be used for a limited number of offline consumption.

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