A total of 20m yuan ($3m) will be up for grabs in a lottery. Winners will receive a so-called “red packet” via an app containing a maximum of 200 yuan of the digital currency. A hundred thousand of these red packets will be distributed. Those who receive the digital yuan can spend it on JD.com’s online shopping platform.
| less than a minute read
China hands out $3m of digital yuan as JD.com becomes first online platform to accept it
The BIS, a group of central banks, said earlier this year that 80% of the world’s central banks “had already started to conceptualize and research the potential for CBDCs.”
