Image by Ledger Insights
After the U.S. government blocked Google from working with Chinese technology firm Huawei, it developed its own operating system, Harmony OS, which drops compatibility with Google’s Android. It previously announced plans to integrate with the digital yuan, but now it has done it, incorporating the central bank digital currency (CBDC) at the system level.
Hence, if someone develops an app with a payment function, much like there would be a card payment component, there can be digital RMB component. This allows users to directly pay with the CBDC from within the app, without using the digital RMB app.
“Technical staff can simply adapt it to meet the needs of different apps to use digital RMB payments,” a developer told reporters, according to the Xinhua state news agency.
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