news

bitcoin

1 X bitcoin bitcoin =

Tuesday

26 January 2021

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It | News Bitcoin News

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It | News Bitcoin News


smart summary beta

China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It.

Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date.

The Chinese city of Suzhou, located west of Shanghai, is reportedly gearing up to hand out 20 million yuan in the country’s central bank digital currency (CBDC) to 100,000 residents, according to a statement posted Friday by the Suzhou municipal government.

A few hundred digital yuan giveaway recipients will also become the first to use what the central bank, the People’s Bank of China (PBOC), calls “dual offline wallets.” This allows them to use the digital yuan to pay for goods in stores without having to be connected to the internet, “effectively replacing notes and coins with the digital yuan,” the news outlet conveyed.

Goto Full Article

bitcoin bitcoin price

$30353.00

24h

Live Average

bitcoin

News Article Sentiment

positive

Score (0)

Article Metadata

author

site

bitcoin.com

categories

Market data feeds provided by cryptocompare.com
bitsmart 2021