Huawei's new Mate 40 smartphone line supports the digital yuan. Image: Twitter

Supporting the People’s Bank of China’s rollout of the digital yuan, Huawei has announced that its new smartphone will feature a built-in hardware wallet to store it.

Huawei said on its Weibo channel on Friday that the Mate 40 line of devices will feature “hardware-level security, controllable anonymous protection, and dual offline transactions.”

It’s the latest indication that the central bank digital currency (CBDC) is probably technically ready to be launched, Coindesk reports.

In a recent public trial in Shenzhen, selected residents were given 10 million digital yuan to spend using a smartphone app at thousands of stores set up with special point-of-sale devices, but the consumer response to it was lukewarm.

No release date has been announced, but it is expected to cost around $1,000.

Read: Digital yuan fails to excite Shenzhen shoppers

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.