JD.com becomes first online platform to accept China’s digital currency
SHANGHAI (Reuters) – Chinese e-commerce agency JD.com Inc said on Saturday it has develop to be the nation’s first digital platform to accept Beijing’s homegrown digital currency.
JD Digits, the company’s fintech arm, will accept digital yuan as value for some merchandise on its online mall, as part of an experimental giveaway of digital yuan to residents of Suzhou, shut to Shanghai, in accordance to a submit on the company’s official WeChat account.
China’s digital yuan is among the many world’s most superior “central monetary establishment digital currency” initiatives, as authorities globally reply to threats from private currencies paying homage to bitcoin and Facebook’s Libra.
Under the Suzhou programme, the municipal authorities and the People’s Bank of China (PBOC) will problem 200 digital yuan “purple envelopes” to 100,000 clients chosen by a lottery.
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