China's central bank launches pilot version of digital yuan wallet for Android, iOS

China's central bank launches pilot version of digital yuan wallet for Android, iOS

A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, April 3, 2014. REUTERS/Petar Kujundzic

China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central bank steps up its push to develop its own digital currency.