Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

PBOC, JD Digits join hands to promote digital RMB application

September 22, 2020


Abstract : The digital currency research institute of the People's Bank of China, the country's central bank, inked a strategic partnership with JD Digits on Monday, in a bid to jointly promote mobile function innovation of digital renminbi (RMB), online and offline scenario application and construction of digital RMB eco-wallet.

央行.jpg

BEIJING, Sept. 22 (Xinhua) -- The digital currency research institute of the People's Bank of China, the country's central bank, inked a strategic partnership with JD Digits on Monday to jointly promote mobile function innovation of digital renminbi (RMB), online and offline scenario application and construction of digital RMB eco-wallet.

The digital RMB issued by the PBOC is used as a replacement of the cash in circulation, the central bank said earlier.

According to JD Digits, the company will use digital RMB project as the basis, and jointly promote the research and development (R&D) and construction of mobile technology platforms and blockchain technology platforms with the PBOC's research institute, with an aim to improve the financial institutions' capabilities to serve the real economy, and boost the integrated development of digital economy and real economy.

As a digital technology company, JD Digits is committed to providing comprehensive digital solutions for financial institutions, enterprises, governments and other customers. As of the end of June, it has offered multi-level digital solutions for over 600 financial institutions. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: digital RMB

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial