Hangzhou City to Give away 10 Million Digital Yuan


The authorities of the Chinese city of Hangzhou will conduct an airdrop of 10 million digital yuan worth $1.37 million, which will be used to pay for food and drinks during the 19th Asian Games. Local media reported this.

The lottery giveaway will be held every five days across multiple delivery platforms.

Residents and visitors of the municipality will be able to receive up to three vouchers daily, which will reimburse sellers in digital yuan for 20% to 30% of the cost of food after purchase.

Let us recall that in July, one of the largest state-owned banks in China, Bank of China, began testing payments in digital yuan by connecting to SIM cards.

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