Online reports that a few days ago, Industrial Bank Wenzhou Branch successfully handled cross-border RMB payment services for a local company through the Multilateral Central Bank Digital Currency Bridge (mBridge, hereinafter referred to as "Currency Bridge"). This transaction is not only the first cross-border payment transaction of a multilateral central bank digital currency bridge in Wenzhou City, but also the largest currency bridge business in Zhejiang Province so far. Xue Hongyan, a special researcher at Sushang Bank, told reporters,"Banks play a core role in technical implementation and scenario innovation in the implementation of the Currency Bridge project. On the one hand, banks, as direct participants, are responsible for the task of building the underlying technical architecture of the currency bridge; on the other hand, banks explore diversified application scenarios to promote the actual implementation of cross-border payments in scenarios such as trade in goods and trade in services, and verify technical feasibility. Sex promotes the currency bridge from theory to practice." (Securities Daily)