People’s Bank of China (PBoC) is planning to trial its digital yuan with food delivery giants backed by Tencent Holdings Ltd. According to a report published by Bloomberg on 15 July, the PBoC is set to boost its National Digital Currency Electronic Payment (DCEP) adoption by testing it on Meituan Dianping-controlled platforms, including Tencent’s food delivery […]
Digital payments systems
Didi Chuxing ,Conducting The First Real World Trial of Digital Yuan
Didi Chuxing-what many consider China’s Uber to be conducting a test on the digital Yuan. As per Wednesday’s announcement, Didi joined the list of companies and banks to test China’s digital yuan developed by the People’s Bank of China (PBOC). The new electronic exchange medium will be known as the Digital Currency Electronic Payment (DCEP). […]