Red packet e-currency test planned in capital By CHEN JIA | China Daily | Updated: 2021-02-08 07:25 Share CLOSE China s official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken on Oct 16, 2020. [Photo/Agencies]
Residents to receive 200 yuan worth of e-CNY to spend during Spring Festival
A lucky group of people in Beijing will receive a packet of 200 yuan ($31) apiece in digital currency from the municipal government on Wednesday for online and offline use during the upcoming Chinese Lunar New Year, a notice said on Saturday evening.
The initiative is part of the trial of the central bank s digital currency, the e-CNY. Beijing will be the third city－after Shenzhen, Guangdong province, and Suzhou, Jiangsu province－to send the digital yuan to consumers for testing.
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