The massive Chinese ride-sharing company Didi Chuxing launches its digital Yuan services.

The massive Chinese ride-sharing company Didi Chuxing launches its digital Yuan services.

Didi Chuxing, the dominant ride-sharing company in China, has launched a new digital yuan service that enables residents in 250 cities to rent motorcycles with their CBDC coins.

The move concerns Didi Qingjue, a Didi Chuxing affiliate that runs a motorbike-sharing service powered by an app, according to the Xi'an Business News Network.

Affiliates of Didi Chuxing have previously been able to provide digital yuan-holding clients with CBDC payment options for bicycles and ride-hailing services similar to Uber.

When renting motorbikes, users in the pilot zone will now have the option to pay with e-CNY through the Didi Chuxing app. They can also initiate quick CBDC payment options on mobile widgets.

In June 2020, Didi, one of the first private transportation companies involved in the e-CNY project, started a trial program for bicycle sharing.

The Digital Currency Research Institute, the CBDC arm of the central People's Bank of China, and the company signed a "strategic cooperation agreement.".

The parties committed to "jointly study and explore the application of the digital yuan in the field of smart travel" at the time. ".

China's Didi is looking into options for digital Yuan payments.

Didi stated that it will "continue to promote the application of the digital yuan in the travel sector" and that its most recent action would help increase adoption and give its customers more payment options. ".

State-run public transportation companies in China have been among the nation's most enthusiastic adopters of the CBDC: Civil servants on public bus routes conducted some of the first "real-world" e-CNY transactions.

Rail networks, toll booths on highways, and city metro systems have all seen an increase in adoption in recent years. All bus lines in Jinan are now able to take digital yuan payments.

In some regions of the country—especially those that hosted the Asian Games earlier this month—inter-city rail networks have also been modified to accept e-CNY payment.

In the B2B space, Chinese banks have been developing supply chain financing solutions powered by digital yuan and e-CNY smart contract technology.

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