Chinese food delivery giant joins CBDC efforts
The cumulative transactions in e-CNY have reached 87.57 billion yuan ($13.68 billion) until now. China’s food delivery giant Meituan has become the latest tech firm to integrate central bank digital currency (CBDC) payments for its services.Meituan users can link the digital yuan wallet to their service app and use it for a range of daily services such as booking hotels, cabs and paying at restaurants. The food delivery and daily services app recorded 660 million transacting customers last year, and the integration of e-CNY payments would only help the Beijing government to test its....
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