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China's Didi teams with central bank on digital currency trial

Ride-hailing giant joins Meituan Dianping, Bilibili and ByteDance

Passengers in China may soon be able to use digital currency for ride-hailing. (Photo by Caixin)

Chinese ride-hailing giant Didi Chuxing is partnering with the country's central bank to explore using digital currency on its smart transport platform.

Didi joined a list of companies and banks to test the digital yuan being developed by the People's Bank of China in real-life scenarios. The new digital money is known as Digital Currency Electronic Payment.

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