The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping (OTC:MPNGF) to its list of platforms that will test real-world use cases of the digital yuan.
Meituan Dianping is a Beijing-based food delivery platform that 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.