Yesterday the Shenzhen municipal government announced a giveaway of ten million renminbi ($1.5 million) in central bank digital currency (CBDC). Fifty thousand people will receive the gifted money on a lottery basis in amounts of 200 yuan as part of the digital yuan tests.
The trial is in the Luohu District, following another red packet gifting in the same area to 5,000 medical and healthcare workers as thanks for their COVID-19 contributions.
To date, most digital yuan tests have been rather limited, focused on government employees. This latest give away is a far more broad and public test, engaging the general public. There’s no better way to gain interest than giving away free money! One could argue it’s a little like an airdrop for public blockchains.
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