Residents of China will receive US$2.27 million (15 million in digital digital technologies are these electronic tools that have the ability to generate, store or even process data. yuan) as part of the government’s gift to promote its CBDC.
The People’s Bank of China (PBOC), China’s central bank, continues to test its central bank digital currency currency is a medium of exchange that defines value. (CBDC) with another massive digital yuan giveaway.
As told by DiarioBitcoin, tests of the digital yuan have become increasingly widespread. Earlier this month, the central bank extended the test to 11 cities and privincias of the country, which would add up to a total of 23 . In January this year, the country’s most popular messaging app, WeChat, added support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. for digital yuan .
Now, the Futian district government of Shenzhen announced that 15 million yuan ($2.27 million) worth of digital RMB (e-CNY) or digital yuan will be distributed to citizens today, according to a report by the Global Times .
In particular, the following will be distributed a total of 130,000 red envelopes through a lottery via Wechat payment. Using the red envelopes (characteristic of gifts in China), consumers can spend them at nearly 5,000 stores in the district with no minimum purchase.
According to the publication, this is the first time that all eight pilot banks, as well as a variety of sectors such as restaurants and supermarkets, have issued digital yuan during the same period of time.
Ya the digital yuan had been tested through lotteries in Shenzhen, which is China’s third most populous city, was actually one of the areas of the initial e-CNY pilots. Residents first received 10 million digital yuan from the government in October 2020. At that time, they could redeem them at 3,389 specially designated establishments.
The digital yuan is also being tested in other cities, including Shanghai, Suzhou, Xiong’an, Chengdu, Hainan, Changsha, Xi’an, Qingdao, Dalian, Tianjin, Chongqing, Guangzhou and Xiamen.
According to the most recent statistics from China’s central bank, shared by Finbold, there were 261 million unique users of the digital yuan by the end of 2021. In addition, e-CNY has been used to complete transactions totaling more than 87.5 billion yuan (USD 13.8 billion) in value.
Version of DiarioBitcoin
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