In today’s top payments news around the world, JD.com is working with China’s central bank to advance cryptocurrency, while U.S. WeChat users are reportedly racing to get the Chinese mobile payment, messaging and social media program. Plus, digital payment provider Ant Group is looking for a record return as it goes public.
JD.com has teamed with China’s central bank as the country gets ready to introduce digital currency. The eCommerce retailer has reportedly entered into a relationship with the People’s Bank of China (PBoC)’s Digital Currency Research Institute. JD won’t be the only online shopping company to work with the PBoC to bring cryptocurrency to the country. Didi Chuxing, Meituan-Dianping and Bilibili have all teamed with PBoC in holding pilots for the crypto.