Citizens of Beijing and Shanghai can now apply to one of six state-owned Chinese banks for a digital yuan wallet, according to Chinese media outlet
Securities Times. The six banks in question are the Bank of Communications, Postal Savings Bank of China, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, and the Bank of China. The move is part of a wider push on the Chinese government's part towards a digital yuan, also known as the DCEP.