{"id":47639,"date":"2021-08-13T12:35:31","date_gmt":"2021-08-13T09:35:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47639"},"modified":"2025-09-01T22:22:18","modified_gmt":"2025-09-01T19:22:18","slug":"honor-to-release-first-smartphone-with-digital-yuan-wallet","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/honor-to-release-first-smartphone-with-digital-yuan-wallet\/","title":{"rendered":"Honor to release first smartphone with digital yuan wallet"},"content":{"rendered":"<p>The Chinese smartphone brand Honor will release the first smartphone with a digital yuan wallet. <a href=\"https:\/\/www.coindesk.com\/honor-releases-first-snapdragon-smartphone-with-digital-yuan-wallet\">CoinDesk<\/a>, citing a statement by the company&#8217;s chief executive, George Zhao.<\/p>\n<p>The new Magic 3 devices, powered by Snapdragon 888, are equipped with hardware wallets for use with the digital currency of the People&#8217;s Bank of China. The central bank believes such wallets provide enhanced security.<\/p>\n<p>China is actively developing the digital yuan. Last month, the People&#8217;s Bank of China published <a href=\"https:\/\/u1f987.com\/en\/news\/pboc-publishes-first-white-paper-on-the-digital-yuan\">first white paper<\/a> on the digital currency.<\/p>\n<p>In June, it emerged that Beijing authorities <a href=\"https:\/\/u1f987.com\/en\/news\/beijing-to-distribute-over-6m-in-cbdc-testing\">would allocate more than $6 million<\/a> for testing the asset, and in August they <a href=\"https:\/\/u1f987.com\/en\/news\/beijing-authorities-have-fully-integrated-the-digital-yuan-into-the-payment-ecosystem-as-cbdc-testing-is-enhanced\">fully integrated<\/a> it into its payment ecosystem.<\/p>\n<p>For more on the Chinese digital currency and the reasons for heightened activity around the new payment instrument, read ForkLog&#8217;s exclusive.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Chinese smartphone brand Honor will release the first smartphone with digital yuan support.<\/p>\n","protected":false},"author":1,"featured_media":47640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,1160,1369],"class_list":["post-47639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-web3-smartphones","tag-yuan"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47639"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47639\/revisions"}],"predecessor-version":[{"id":47641,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47639\/revisions\/47641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47640"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}