Didi partners with PBOC to test China's digital yuan

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese ride-hailing giant Didi Chuxing said on Wednesday that it has entered into a strategic partnership with the People’s Bank of China (PBOC) to help the research and development of the central bank’s planned digital currency – known as Digital Currency Electronic Payment (DCEP) – via its on-demand transport platform.

The testing of the digital cash as a payment method on Didi's platform could be one of the first real-world applications of the electronic version of the yuan.

“Didi's DCEP task force will design and implement pilot DCEP projects in . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!