A Meituan delivery box in Beijing, July 15. Meituan has been in talks with a research wing of the People’s Bank of China on real-world uses for the virtual legal tender dubbed Digital Currency Electronic Payment or DCEP. — Reuters
China’s central bank is planning to test its digital currency on platforms operated by Meituan Dianping, enlisting the food delivery giant backed by Tencent Holdings Ltd in a major step toward the token’s mass adoption.
Meituan has been in talks with a research wing of the People’s Bank of China on real-world uses for the virtual legal tender dubbed Digital Currency Electronic Payment or DCEP, according to people with direct knowledge of the matter. The specifics of the partnership have yet to be finalised, they added, asking not to be identified revealing private discussions.
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