Ride-Hailing Giant DiDi Joins China's Digital Yuan Project

Publié le by Cointele | Publié le

"Under PBOC's overall DCEP strategy and operation timeline, DiDi's DCEP taskforce will design and implement pilot DCEP projects in accordance with rigorous safety, security and governance standards."

Primarily known as the Uber of China, DiDi claims to have 550 million users across Asia, Latin America and Australia.

Its services mainly include public transportation and food delivery, while the company's latest reported plans are to create an autonomous vehicles subsidiary and release more than one million self-driving cars by 2030.

Valued at $56 billion, DiDi is the world's second-highest-valued unicorn startup, according to data from CB Insights.

The company is backed by Apple, Tencent and Alibaba, among others.

According to the latest reports from China, the digital yuan's development is coming to a conclusion.

In late June, the former vice-chair of the PBoC's Na­tional Coun­cil for So­cial Se­cu­rity Fund, Wang Zhong­min, announced that the backend architecture development of China's CBDC has been completed.

There is still no official launch date for the CDBC despite the pilot test being carried out in various locations including the cities of Shenzhen, Suzhou, Xiongan new area, Chengdu and the future site of the winter Olympics.

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