red envelopes

Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February

October 24, 2021 Bitcoin.com

According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes […]

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China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals

July 11, 2021 Bitcoin.com

China Has Dispersed Over Million of Digital Yuan in Red Envelopes, Report Reveals

Adoption

China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities. Beijing Gives Away 269 Million Yuan in […]

Trader Says Two Ethereum Rivals Could Outperform Crypto Market, Predicts Rally for Low-Cap Altcoin

Beijing and Suzhou Railways Now Accept Digital Yuan Payments for Ride Fares

July 1, 2021 Bitcoin.com

Beijing

Beijing subway has officially launched a new program that allows passengers to pay for rides with the central bank digital currency (CBDC) also known as the digital yuan. The news follows the subway system in East China’s Jiangsu province in the city of Suzhou which also allows digital yuan payments for subway fares. Digital Yuan […]

Trader Says Two Ethereum Rivals Could Outperform Crypto Market, Predicts Rally for Low-Cap Altcoin

Shanghai to Hand Out $3 Million in Digital Yuan Lottery

June 6, 2021 Bitcoin.com

Shanghai to Hand Out Million in Digital Yuan Lottery

Alipay

As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The digital money will be dispersed through a lottery, a method that has already been implemented elsewhere in China. Lottery Winners to Get 350,000 Digital Red Envelopes […]

Trader Says Two Ethereum Rivals Could Outperform Crypto Market, Predicts Rally for Low-Cap Altcoin

Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

June 3, 2021 Bitcoin.com

Beijing to Disperse Million in Digital Yuan in a Red Envelope Lottery

2022 Winter Olympics

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.3 million) will be distributed to Chinese citizens. Beijing and China’s Central Bank Launches Digital Yuan Lottery The People’s Bank of China (PBoC) and Beijing Local […]

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