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China digital currency: Shenzhen consumers spend 8.8 million yuan in largest trial of digital yuan

Summary:
[unable to retrieve full-text content]China’s largest test of its sovereign digital currency ended with 8.8 million yuan (US.3 million) being spent in over 62,000 transactions during the week-long trial in Shenzhen.The Shenzhen government confirmed 47,573 people from the 50,000 selected by lottery received the digital ‘red packets’, each containing 200 yuan (US), after a total of 1.9 million residents applied to take part in the 10 million yuan (US.49 million) giveaway.In total, 62,788 transactions were made at the 3,389…

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[unable to retrieve full-text content]
China’s largest test of its sovereign digital currency ended with 8.8 million yuan (US$1.3 million) being spent in over 62,000 transactions during the week-long trial in Shenzhen.The Shenzhen government confirmed 47,573 people from the 50,000 selected by lottery received the digital ‘red packets’, each containing 200 yuan (US$30), after a total of 1.9 million residents applied to take part in the 10 million yuan (US$1.49 million) giveaway.In total, 62,788 transactions were made at the 3,389…

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