Major Chinese Banks Launch Digital Currency Payments That Don’t Need the Internet

What’s new: Two major Chinese commercial banks have allowed their customers to start making payments in e-CNY without being connected to the internet, in another push to get more people to use the central bank-created digital currency.

On Tuesday, Bank of China Ltd. (BoC) partnered with telecom giants China Telecom and China Unicom to launch the new feature on the central bank-backed e-CNY app, according to a BoC statement.