China Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy

China Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy


Bitcoinist
2022-05-31 01:00:10

China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spending amidst a pandemic hit economy. This airdrop will be directed towards the local residents in attempts to revive economic conditions […]