Officials in Luohu district, Shenzhen, will distribute 50,000 digital “red packets” containing 200 yuan (US$30) worth of China’s new sovereign digital currency, starting next week. Photo: Shutterstock
China’s Shenzhen giving away millions in sovereign digital yuan to test technology and boost consumption
- Winners will be announced on Sunday and can receive their digital ‘red packet’ by opening an e-wallet via official app
- The payouts can be used to make purchases at 3,389 designated shops in Luohu district from Monday
Officials in Luohu district, Shenzhen, will distribute 50,000 digital “red packets” containing 200 yuan (US$30) worth of China’s new sovereign digital currency, starting next week. Photo: Shutterstock
