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

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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.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, 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.

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