Saturday, January 23, 2021
Home Crypto News Market JD.com Chinese E-commerce Giant, Said It Would Be The First To Accept...

JD.com Chinese E-commerce Giant, Said It Would Be The First To Accept Digital Yuan

- Advertisement -

JD Digits, the company’s digital technology division, will accept the digital Yuan on its platform during the second “free lottery” in Suzhou, which will take place on December 12 at the Double 12 shopping festival. The purpose of the free lottery is to help citizens evaluate the state cryptocurrency’s convenience that is being prepared for launch.

The testing will be similar to the pilot program to promote the digital Yuan, implemented in Shenzhen in October. Then the city held a free lottery for 10 million digital Yuan. This time, 10,000 winners will be able to spend digital Yuan in stores equipped with terminals that can process digital Yuan.

JD.com has partnered with the digital currency Research Institute of the People’s Bank of China (PBOC) to develop a mobile app, wallet, and blockchain-based platform that will be used to operate the digital Yuan.

- Advertisement -
Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master in Business Administration degree and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Indian Firm Tanla Partners With Microsoft To Launch Blockchain Enabled Communications Platform-As-A-Service, Wisely

Microsoft Corporation and the Indian company Tanla have launched a blockchain based communication platform for confidential and secure messaging. ...

Investors Are Excited As Grayscale Is Setting Filecoin, Chainlink, Mana, Tezos And Livepeer Trusts

Asset management company Grayscale Investments has filed documents for the creation of a number of new cryptocurrency trust. Currently, Grayscale is considered one of...

TRASTRA Review-Cryptocurrency Card For The Mass Market

Despite the rapid growth of various cryptocurrency projects in 2020, the issue of paying with crypto in daily life remains a challenge. Unfortunately, very few...

Fund Managers Survey By Bank Of America Shows Capital Inflows To Bitcoin Are Higher Than Tech Companies

A fund managers survey conducted by Bank of America showed that Bitcoin now receives more capital inflows compared to other investment assets.

The Bank Of France Has Tested A Central Bank Digital Currency For Interbank Payments

The Bank of France announced the successful completion of testing a central bank digital currency (CBDC) for interbank settlements using the Iznes platform based...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.