Chinese e-Commerce Giant JD.com to Accept Digital Yuan in the 2nd Round of Public Trial

News Snapshot:

Chinese e-commerce giant JD.com said on Saturday that its fintech arm, JD Digits will accept digital yuan as payment for some products. JD.com is China’s first virtual platform to accept the central bank digital currency, as part of an experimental giveaway of digital yuan to the citizens of Suzhou, according to the company’s post on its official WeChat account. Under the trial, the People’s Bank of China (PBOC) and the municipal government will issue a total of 20 million yuan ($3 million). 100,000 consumers selected through a lottery will be receiving 200 digital yuan “red envelopes”. This will be the...