Business
Chinese city to hand out virtual red packets as part of digital yuan trial – Bangkok Post
A Chinese city is handing out virtual red packets of money to its citizens as part of the country’s drive to launch the first sovereign digital currency.
A Chinese city is handing out virtual red packets of money to its citizens as part of the country’s drive to launch the first sovereign digital currency.
In a statement posted on Friday night, the Suzhou municipal government said it is giving away 20 million yuan (92.5 million baht) to residents via a lottery.
A total of 100,000 digital red packets, each containing 200 yuan, will be distributed to residents on Friday, the eve of the so-called Double Twelve shopping festival. They will be valid until…
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