China will start testing its digital Yuan through a food delivery platform. One of the largest with no less than 435 million users.
The Popular Bank of China (PBoC), is planning to add the food industry giant Meituan Dianping to its system to start the circulation of the digital Yuan.
Meituan Dianping is a food delivery giant based in Beijing. It currently has 435 million users and is a good way to start the circulation of the Digital Yuan or Digital Currency Electronic Payment.
According to Bloomberg's sources, this company has been in talks with senior executives at the Chinese Central Bank to start negotiations. However, both parties are still studying how this measure would be completed.
Not only is this company likely to start circulating digital currency, but there is also another video company that is backed by Tencent Bilibili. And also the largest passenger transport company Didi, will join to circulate the Digital Yuan.
It should be clarified that there is not yet a launch date, but they are working fast for the inclusion of it. But they are already starting to make arrangements for real-world operation.
The pandemic has generated that great advance of the cryptocurrencies to the affected countries since apparently the cryptocurrencies come to support the strong economic crisis that is coming.