Today unofficial reports emerged of two more digital yuan mass giveaways in Chengdu and Suzhou. A report on mobile website MPayPass says a Bank of Communications video reveals details about the Chengdu central bank digital currency (CBDC) trial. The two-stage digital yuan or eCNY trial will consist of 30 million yuan ($4.6m) for offline usage and 20 million yuan ($3m) for e-commerce on JD.com, China’s equivalent of Amazon. All previous trials have given away a total of 20 million yuan ($3m).
The same report also states there will be a second Suzhou City trial simultaneously, following the first tests in Suzhou in December. However, the source of that data is unconfirmed. December’s giveaway was 20 million yuan, but this time the amount is doubled.
Mass digital yuan giveaways so far:
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