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China’s CBDC Project to Collaborate With More Domestic Enterprises

by CBDC Insider Staff
July 10, 2020
in Asia, Business
Reading Time: 1min read
0
China’s CBDC Project to Collaborate With More Domestic Enterprises
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Development of China’s central bank digital currency, or CBDC, continues to show signs of progress. On July 8, a major domestic e-commerce platform and a video sharing site both joined the CBDC project, according to local news.Companies Meituan and Bilibilibili have apparently both begun to cooperate with a number of banks involved in the digital Yuan project. Meituan is a major service platform with over 240 million consumers and five million local merchants, and Bilibilibili is known as China’s largest video sharing website.

Continue read: https://news.coingenius.ai/chinas-cbdc-project-to-collaborate-with-more-domestic-enterprises/

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