1/ 🧵 Digital Yuan is now avaialable in the Didi ride sharing app. This app allows rentals, ride renting, food delivery service. And CBDC would be accepted in didi app.
1/ 🧵 Digital Yuan is now avaialable in the Didi ride sharing app. This app allows rentals, ride renting, food delivery service. And CBDC would be accepted in didi app.
4/ 🧵 Their intention is to allow the adoption of the CBDC instead of the US backed stablecoins in their soil. So they want to 1 up the tether, usdc type of the coins.
2/ 🧵 China has pilot tested CBDC during the asian games and now they are integrating the CBDC into variety of the app startups and online payments.
3/ 🧵 China is currently testing all the blockchain and the payment gateway features of the CBDCs through their state sponsored payment gateways as of now.
5/ 🧵 Check out how China's Digital Yuan is being deployed in the startup app ecosystem.
https://inleo.io/@esmeesmith/digital-yuan-cbdc-now-available-on-didi-ride-sharing-app
... but only if you are a well-behaved citizen with a high enough social credit score