China's Didi Chuxing partners with central bank for digital currency trial

China's Didi Chuxing partners with central bank for digital currency trial

Photo: Didi Chuxing

Chinese ride-hailing giant Didi Chuxing is partnering with the central bank to explore the application of digital currency on its smart transport platform.

Didi joined a list of companies and banks to test the digital yuan being developed by the People’s Bank of China (PBOC) in real life scenarios. The new electronic medium of exchange is known as Digital Currency Electronic Payment (DCEP).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter