DiDi Chuxing, the Chinese equivalent to Uber, will be piloting the country's central bank digital currency, the DC/EP. Recently, DiDi entered into a strategic partnership with the People's Bank of China's Digital Currency Research Institute to solidify the initiative.
"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," said a DiDi spokesperson. "The partnership is a key milestone in DiDi's ongoing initiatives to enhance the interconnectivity of online and offline economic sectors in China, as the government seeks to support the development of the real economy sectors with innovative financial services."
