French bank BNP Paribas (BNP) is promoting the use of China's digital yuan by linking wallets to bank accounts, the South China Morning Post (SCMP) reported on Friday.
BNP Paribas' corporate clients will be able to connect to China's central bank digital currency (CBDC) – or "e-CNY," as it is known – through a connection to the Bank of China's (BOC) system.
BOC is one of eight banks authorized to handle China's digital currency business.
The system will link clients' "digital yuan wallet to [their] bank accounts" to enable "efficient real-time and convenient" use of the CBDC, BNP said in a statement, according to SCMP's report.
The bank will also be exploring the use of the CBDC for smart contracts, supply chain finance and for cross-border payments, it added.
BNP Paribas had not responded to CoinDesk's request for comment at press time.
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