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E-commerce meets Crypto Assets: China's digital market follows stablecoin for faster payments
According to Gate News bot, as reported by Bitcoinist, JD.com is developing rapidly. This Chinese e-commerce giant, with a market capitalization of $90 billion, announced a plan this week aimed at reducing cross-border payment times from several days to just a few seconds. The stock opened at $33.90 and closed down at $33.45.
Jingdong Chairman Liu Qiangdong stated that the first step is to conduct a pilot in the Hong Kong stablecoin sandbox. The team he leads at Jingdong Coinlink Technology aims to demonstrate that typical B2B payments can be settled within 10 seconds, while currently such payments usually take two to four days and incur high costs.
Liu Qiangdong stated that the company plans to apply for stablecoin licenses globally to reduce cross-border payment costs by 90% and shorten settlement time to under 10 seconds. Following the B2B sector, JD's goal is to expand stablecoin payment services to global consumers.