The tech and payments-focused subsidiary of Chinese e-commerce company JD (NASDAQ:JD).com has entered into a partnership with the Digital Currency Research Institute of the People’s Bank of China.
Local media reported on Sept. 21 that JD Digital Technology and the Digital Currency Research Institute will promote the development of mobile applications and blockchain platforms that are in line with PBoC’s forthcoming central bank digital currency. The two entities will also promote the creation of wallets that support China’s digital currency.