China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan

China has enabled smart-contract functionality for its central bank digital currency (CBDC), the digital yuan, through the e-commerce app Meituan, one of China’s largest food delivery and lifestyle apps.

The smart contracts used by Meituan allow a daily prize of 8,888 RMB ($1,312) to be divided up, according to local crypto media outlet 8btc and other mainstream internet media outlets in China.

Read more: CoinDesk