China's second largest retailer, JD.com Inc. will be the first online shopping platform to apply payment systems using central bank-backed cryptocurrencies.
The trial of the system is expected to begin this month where consumers will have the opportunity to pay for some goods using digital yuan.
Payment attempts using crypto also involved 10,000 other retailers.
An estimated 100,000 digital cash vouchers carrying a total value of 20 million yuan will be distributed to the entire population of Suzhou city on 11 December.
It is the second program after the People’s Bank of China (PBOC) launched digital money worth 10 million yuan to 50,000 residents at random last October.
Since April, the central bank has been conducting yuan currency experiments in several cities, aiming to elevate its status as a global currency and help the domestic economy keep pace with digital growth.
Records in early November show that digital yuan has been used in more than four million transactions with a total of around 2 billion yuan (RM1.24 billion).
