China e-shopping sites begin accepting cryptocurrency purchases
It is reported that China has officially started making digital currencies available in the country and making purchases using them, after the Chinese central bank issued 10 million yuan of digital currencies to 500 randomly selected users.
According to the American Financial World magazine, the Chinese website JD.com for online shopping has become the first shopping site in the world to begin accepting digital currencies for some purchases, and other electronic shopping sites in China will expand their acceptance of these currencies.
And unlike traditional cryptocurrencies such as Bitcoin and others, the Chinese central bank controls the digital yuan, as this move will give China a more stable situation than volatile conditions such as those that occur with Bitcoin.
Countries such as Japan and Venezuela will follow China in using their own digital currencies, which makes China the first country in the world to deal with virtual cash.
Last October, China conducted the first public test in the country for the digital payment system in yuan, whereby anyone in Shenzhen, southern China, could apply to join the 10 million digital yuan program, through the 4 largest banks in the country, to win 200 yuan, through The lottery is organized by local government and banks.
