Fingerprint-enabled Digital Wallet Card For The Chinese Digital Yuan

The Chinese digital yuan is pushing another development in its aim for mass adoption.

Sources has stated that China’s Chutian Dragon and IDEX Biometrics has joined hands to create a biometrics-enabled card-based digital wallet.

Chutian Dragon is the Asia’s largest smart card manufacturers while IDEX Biometrics is a Norwegian-based leading provider of advanced fingerprint identification and authentication solutions.

This collaboration aims to give a solution for the millions of unbanked and underbanked people in China. The card-based digital wallet initiative will allow Chinese users who does not have access to smartphone to still be able to embark in the digital space.

The move also coincides with the aim of deploying the CDEP in the upcoming Beijing Winter Olympics in 2022.

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