Chinese e-commerce platform JD.com kicks off digital yuan trial at Double Twelve shopping festival

//Chinese e-commerce platform JD.com kicks off digital yuan trial at Double Twelve shopping festival

Chinese e-commerce platform JD.com kicks off digital yuan trial at Double Twelve shopping festival

Online shoppers got their first opportunity to test out China’s new digital currency this weekend during an e-commerce festival organised by JD.com, the country’s second-largest online retailer.JD kicked off the Double Twelve festival on Friday evening with nearly 20,000 orders using the digital yuan, known officially as the Digital Currency Electronic Payment (DCEP), the company said in a WeChat post. The trial, the first for an online shopping platform in China, was conducted as a partnership…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-12-14T06:28:36+00:00 December 14th, 2020|Business|Comments Off on Chinese e-commerce platform JD.com kicks off digital yuan trial at Double Twelve shopping festival