JD.com uses China’s digital yuan to pay some employees for CoinQuora

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JD.com uses China’s digital yuan to pay some employees

Chinese e-commerce giant JD (NASDAQ :). Com used the digital yuan to pay some employees. The Bank of China seeks to expand the scope of use of the digital yuan. The PBOC has carried out several trials in the main cities of the country. Chinese e-commerce giant JD.com used the digital yuan to pay some employees. This is in line with the country’s central bank plan to expand the scope of use of the currency. In particular, the People’s Bank of China (PBOC) started working on digital currency / electronic payment (DC / EP) in 2014. People also call it digital yuan or e-CNY. However, the digital yuan has not yet been rolled out across the country, but the PBOC has conducted several tests in major cities in China. In fact, these pilot projects take the form of lotteries where the digital yuan is given to the residents of a city to spend at some retailers. JD.com has participated in these trials. This article was first published on coinquora.com Continue reading on CoinQuora

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