Chinese banks will allow receiving a percentage of the digital national currency

Chinese banks are exploring new methods to allow digital yuan users to earn interest on their assets in the central bank’s digital currency — with the help of «smart management» tools that can detect when funds are not used for a long time

One of the banks offering such a service is implementing a solution in its app that allows customers to customize the parameters of their wallets. This will allow artificial intelligence and algorithms to «automatically» convert digital yuan stored above a certain amount (or left idle for a certain period of time) to fiat savings accounts.

Another local bank has developed a similar solution — if a user does not have enough fiat funds to pay for a service or product, the system converts the remaining digital yuan balance into the missing amount in fiat. The bank calls this service an automatic combined payment and says it will allow customers to choose the fiat accounts they want to link to their wallets in this way.

The digital yuan testing program was recently expanded to a dozen more cities.