CRYPTONAIRE
WEEKLY CRYPTO investment journal
China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.com, one of China’s largest online retailers.
$3 Million in Digital Yuan Giveaway The Chinese city of Suzhou, located west of Shanghai, is reportedly gearing up to hand out 20 million yuan in the country’s central bank digital currency (CBDC) to 100,000 residents, according to a statement posted Friday by the Suzhou municipal government. The digital yuan is officially known as the Digital Currency Electronic Payment (DCEP). The South China Morning Post detailed:
A total of 100,000 digital red packets, each containing 200 yuan, will be distributed to residents on December 11, the eve of the so-called Double Twelve shopping festival. They will be valid until December 27. “Any Chinese citizen living in the eastern city can register for the lottery through Suzhoudao, the city’s official public services app,” the publication added. The lottery winners will receive the red packets through the official Digital Renminbi App. Read more...
Cryptonaire Weekly | December 8th 2020
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