Type to search

cryptocurrency news China digital currency News world news

Chinese Uber Analog Tests Digital Yuan

Share
digital yuan

Digital Yuan – it’s Central Bank Digital Currency (CBDC).

Chinese taxi aggregator DiDi has announced its participation in testing the country’s central bank digital currency (CBDC).

Digital Yuan

According to a company representative, DiDi agreed with the Research Division of the People’s Bank of China, focused on the study of digital currency. The partnership aims to accelerate the implementation of Digital Currency Electronic Payment (DCEP).

«The DiDi working group on digital currency issues will develop and implement pilot projects on the use of DCEP in accordance with safety, reliability, and government standards, ”the company representative said.

He added that for the company, this project will be the key to improving the relationship between the online and offline sectors of the Chinese economy.

DiDi is the largest taxi aggregator in China with 500 million users. The company also provides car-sharing, delivery, and logistics services. In May, it closed the $ 500 million investment round, after which the company’s valuation exceeded $ 60 billion.

Past Digital Yuan News

Recall that at the end of May a video appeared on the network converting fiat funds into Chinese digital currency.

In April, it became known that 19 stores and restaurants, including establishments of McDonald’s and Starbucks chains, were included in the list of participants in testing the digital yuan. Read more…

Join Bitxmi Exchange

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Leave a Comment

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 10,353.83 4.69%
ethereum
Ethereum (ETH) $ 334.19 10.37%
tether
Tether (USDT) $ 0.999068 0.15%
ripple
XRP (XRP) $ 0.231086 6.39%
bitcoin-cash
Bitcoin Cash (BCH) $ 209.03 7.32%
polkadot
Polkadot (DOT) $ 3.97 14.99%
binancecoin
Binance Coin (BNB) $ 22.49 14.56%
chainlink
Chainlink (LINK) $ 8.55 14.97%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.151458 7.73%
litecoin
Litecoin (LTC) $ 42.30 9.93%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 142.80 7.05%
cardano
Cardano (ADA) $ 0.078185 13.20%
eos
EOS (EOS) $ 2.51 5.45%
usd-coin
USD Coin (USDC) $ 0.991949 0.95%
tron
TRON (TRX) $ 0.024832 7.48%
okb
OKB (OKB) $ 5.78 4.97%
monero
Monero (XMR) $ 86.29 6.60%
stellar
Stellar (XLM) $ 0.069725 9.18%
tezos
Tezos (XTZ) $ 1.92 15.56%
neo
NEO (NEO) $ 19.80 18.40%
leo-token
LEO Token (LEO) $ 1.20 2.65%
huobi-token
Huobi Token (HT) $ 4.48 6.22%
cosmos
Cosmos (ATOM) $ 3.98 17.24%
cdai
cDAI (CDAI) $ 0.018307 12.45%
nem
NEM (XEM) $ 0.104354 5.11%
vechain
VeChain (VET) $ 0.012296 15.07%
dai
Dai (DAI) $ 1.01 0.21%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 10,354.77 4.35%
yearn-finance
yearn.finance (YFI) $ 22,007.00 25.20%
iota
IOTA (MIOTA) $ 0.232936 11.29%
dash
Dash (DASH) $ 65.23 7.50%
ethlend
Aave (LEND) $ 0.449024 25.22%
uma
UMA (UMA) $ 10.14 30.84%
ethereum-classic
Ethereum Classic (ETC) $ 4.66 8.89%
zcash
Zcash (ZEC) $ 52.87 6.09%
theta-token
Theta Network (THETA) $ 0.527350 6.30%
uniswap
Uniswap (UNI) $ 4.10 17.09%
havven
Synthetix Network Token (SNX) $ 3.59 15.93%
compound-governance-token
Compound (COMP) $ 125.23 15.58%
ontology
Ontology (ONT) $ 0.633242 14.47%
binance-usd
Binance USD (BUSD) $ 0.997035 0.42%
maker
Maker (MKR) $ 436.18 9.30%
true-usd
TrueUSD (TUSD) $ 0.992100 1.21%
digibyte
DigiByte (DGB) $ 0.028484 9.04%
omisego
OMG Network (OMG) $ 2.56 13.40%
dogecoin
Dogecoin (DOGE) $ 0.002594 6.32%
ftx-token
FTX Token (FTT) $ 3.44 7.91%
basic-attention-token
Basic Attention Token (BAT) $ 0.207885 11.55%
paxos-standard
Paxos Standard (PAX) $ 0.993378 1.06%
kusama
Kusama (KSM) $ 31.05 20.64%