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.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-2f7f4086vip
· 06-19 07:34
Bull Run 🐂
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)