E-commerce giant JD starts accepting China’s digital currency | DeCenter – Blockchain and Bitcoin

E-commerce giant JD starts accepting China’s digital currency on Singles Day for the first time.

More than 100,000 people had used e-CNY on the company’s app during the Singles Day promotion period, which started on the evening of Oct. 31 and ends on Thursday.

Note: China’s digital yuan is not a cryptocurrency. It is a digital form of the country’s currency, designed to replace coins and cash in circulation. When formally rolled out, it will be issued via banks and other financial entities by the People’s Bank of China, the central bank.