Chinese ride-hailing giant Didi Chuxing Technology Co. will test a pilot version of China’s digital currency, according to a company statement on Wednesday that announced a “strategic partnership” with the central bank’s Digital Currency Research Institute.
The People’s Bank of China (PBOC), the country’s central bank, has been researching a national digital currency known as Digital Currency Electronic Payment (DCEP) since 2014 and ramped up its efforts to roll it out last year.
The launch date and other specifics of the Didi project are not publicly known.
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China is testing its digital currency on a new platform-with 500 million users
It will be the largest rollout yet of the central bank's digital yuan.
