As we reported two weeks ago, it’s now been officially confirmed there is to be a second digital yuan public lottery next week in Suzhou. China’s central bank digital currency (CBDC) trial will give away 200 yuan ($30) to 100,000 people. This follows the initial October trial in Shenzhen, which involved 50,000 people.
Applications are open this Saturday and Sunday, with the cash giveaway targeting Double 12 day, also called Couples Day and the third biggest shopping holiday in China on December 12th. But shoppers have until December 27th to spend the money.
Lottery winners can use the money online at JD.com and other stores or at roughly 10,000 designated bricks and mortar stores, including supermarkets, malls and restaurants.
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