The Chinese government has once again taken another remarkable step towards the official launch of its digital currency with another launched already scheduled in Suzhou. Many countries vying to launch their Central bank backed digital currency, especially on the wake of the coronavirus pandemic that has torn the economies of many nations apart.
China has been working on its Central bank digital currency for years before this pandemic, and it looks like things are beginning to fall in place with the several cities already launching the digital assets. The news went around some weeks ago that the People’s bank of China was going to be actively involved in another testing across the whole country.
With another testing scheduled to hold in Suzhou, the government of the Asian nation has confirmed that three entities will lend their hand of support to the testing that will take place in the region. According to the reports, ride-hailing platform, Didi will lead others entities such as Bilibili, a platform that allows people make videos and an app that is used to order food, Meituan to participate in the latest testing that is scheduled to take place in Suzhou.