Digital Yuan will be tested through Ride-Hailing Giant Didi

Digital Yuan will be tested through Ride-Hailing Giant Didi

The Chinese digital yuan is facing a big test through the popular Didi Chuxing service, informs Bloomberg.

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8 Jul 2020 , 17:46 @ Katie Müller

Digital Yuan will be tested through Ride-Hailing Giant Didi

The Chinese digital yuan is facing a big test through the popular Didi Chuxing service, informs Bloomberg.

This service is a real giant of ride-hailing and can test this digital currency from every side. According to SofBank Group Corp., they are already working with the People’s Bank of China Research Center, and the aim is to test the use of this digital currency as legal tender.

Didi said in a Chinese statement:

DCEP will become a key infrastructure of digital economy,

It will work with the government to boost the integration of the digital economy with the real economy.

If the digital yuan proved to be effective and began to be used officially on the Didi platform, which has more than half a billion Chinese commuters, it would be a huge step forward and the adoption of this digital currency.

About Didi

The company provides app-based transportation services, including taxi hailing, private car hailing, social ride-sharing and bike sharing; on-demand delivery services; and automobile services, including sales, leasing, financing, maintenance, fleet operation, electric vehicle charging and co-development of vehicles with automakers. /wiki

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