The People’s Bank of China (PBoC) is rumored to be working with food delivery giant Meituan Dianping (OTC:MPNGF) and ride-hailing application DiDi to test the digital yuan. Currently, Meituan Dianping is estimated to have more than 435 million users.
Video streaming platform, Bilibili (NASDAQ:BILI), could also be the next to join the project. Although the PBoC has not committed to a specific launch date, the coronavirus pandemic seems to have accelerated the project.