Beijing (PingWest)—Meituan Dianping, the Chinese food delivery platform backed by Tencent, is in talks with a research wing of the People’s Bank of China (PBOC) to negotiate the trial of the central bank digital currency, Bloomberg reported, citing sources familiar with the matter.
The specifics of the collaboration are not yet known, said the report.
Listed in Hong Kong, Meituan Dianping is China’s largest food delivery platform by market share. It currently boasts of more than 435 million active users and billions of dollars of daily transactions. This creates a huge opportunity for the mass adoption of the digital yuan, which is also referred to as the Digital Currency Electronic Payment or DCEP.
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