Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news

Breaking-Finance.Com - The People's Bank of China held a lottery over the weekend to distribute 10 million yuan ($1.5 million) worth of its new digital currency to 50,000 people in Shenzhen.

Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news

Breaking-Finance.Com - The People's Bank of China held a lottery over the weekend to distribute 10 million yuan ($1.5 million) worth of its new digital currency to 50,000 people in Shenzhen.

Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news
13 October 2020 - 12:45

Breaking-Finance.Com - The People's Bank of China held a lottery over the weekend to distribute 10 million yuan ($1.5 million) worth of its new digital currency to 50,000 people in Shenzhen. Nearly two million people entered the lottery, according to local press reports, with the lucky 50,000 receiving 200 digital yuan ($30).

. The currency can be spent at more than 3000 places in the area between the 12th and 18th of October.The lottery is the latest trial for China's Digital Currency Electronic Payment (DCEP) ahead of a planned launch later this year.It comes after internal closed pilots of the digital yuan earlier this year in Shenzhen as well as Suzhou, Xiong'an New District and Chengdu.

Source = Breaking-Finance.Com

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Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news


Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news


Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news


Finance Breaking news Shenzhen holds lottery to give away millions in digital yuan last financial news

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