A Chinese state-owned commercial bank has enabled a feature that allows users to convert their digital yuan into cash at more than 3,000 ATMs (ATMs) in Beijing.

The Industrial and Commercial Bank of China (ICBC) became the first bank in the country to introduce such a function, according to a report by Xinhua News Agency on Friday.

This move will allow users to efficiently switch between digital and non-digital versions of government-issued coins, bringing the country one step closer to its plan for a digital currency on the blockchain network platform.

The report also notes that the Agricultural Bank of China (AgBank), one of the country’s four “big” lenders, has installed a similar feature on more than 10 ATMs in the capital’s Wangfujing shopping district.

The People’s Bank of China, the country’s central bank, is running a test of its digital yuan with other commercial banks and payment service providers to help move their plan forward.

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According to Coindesk

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