Shenzhen will start its second trial of the nation’s digital currency on Thursday. (South China Morning Post photo)
Shenzhen, China’s technological hub, will start its second trial of the nation’s digital currency this week, giving away virtual gift packets to its citizens as the nation steps up its testing efforts in a bid to launch the world’s first sovereign digital currency.
The Shenzhen government said it will give away 20 million yuan (92.5 million baht) via “red packets” – gift envelopes traditionally given out during holidays and special occasions – to residents of Shenzhen’s Futian district via a lottery.
A total of 100,000 digital red packets, each containing 200 yuan, will be distributed to residents on Thursday – doubling the number of recipients in the city’s first trial. The recipients will…
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