Last Friday, the Bank of Communications, China’s fifth largest state-owned bank, and the Chinese e-commerce giant JD.com jointly launched a second offering of their central bank digital currency (CBDC) giveaway to encourage people to adopt the CBDC.
Following the success of last month’s Digital RMB JD Pilot Event, this event will issue 400,000 digital yuan packages, totaling 16 million RMB ($2.5 million), to citizens of two major cities, Shanghai and Suzhou. That’s slightly less than the 500,000 packages of 20 yuan ($3.10) offered in August.
Like most of the digital renminbi giveaways conducted in the past, the format remains the same. Registered users will be automatically entered into a lottery, where winners are then randomly chosen.
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