Bank of China is the first to launch digital renminbi smart contract prepaid fund management products

[Bank of China is the first to launch a digital RMB smart contract prepaid fund management product] Jinse Finance reported that recently, under the guidance of the Chengdu Branch of the People's Bank of China and the Chengdu Financial Bureau, the Sichuan Branch of the Bank of China, in conjunction with the Chengdu Longquanyi District Education Bureau and Chengdu Tianfutong Financial Services Co., Ltd. took the digital currency pilot as an opportunity to launch the "Longquan Education and Training" smart contract prepaid fund management product.

This "Longquan Education and Training" smart contract project adds a digital RMB payment method when parents purchase courses, and under the latest smart contract framework released by the Digital Currency Research Institute, it realizes the purchase of prepaid cards, generation of smart contracts, prepaid card write-offs, Functions such as card refund and query can realize functions such as "one sale for one lesson, refund for unused use". Parents can also query the details of prepaid cards through the Digital RMB APP. (cover news)

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