It’s Friday, it’s almost the weekend, so let’s kick back and reflect on another eventful week for the retail systems space. Here’s your briefing on the most important stories from the past few days.
1. JD.com taps digital yuan for staff payments
Chinese e-commerce giant JD.com has been using China’s Digital Currency Electronic Payment, or DCEP, system to pay the salaries of some employees.
The digital currency is backed and overseen by the country’s central government.
JD made its announcement in a blog post while announcing its participation in the one-year DCEP trial show at the fourth Digital China Summit in Fuzhou.
This revealed that it has also tapped the DCEP solution in business-to-business payments to partner firms as well as cross-bank settlements.
2. Justin King joins Snappy Shopper as senior advisor and investor
Former Sainsbury’s CEO Justin King has taken a “significant” stake in grocery delivery app Snappy Shopper.
He is also set to join the Snappy Group’s board as Non-Executive Director following a recently launched Series A funding round.
Snappy Group is formed of two businesses: Snappy Shopper and Hungrrr.
Originally Appeared On: https://retailtechinnovationhub.com/home/2021/4/29/the-five-most-important-retail-tech-news-stories-of-the-week