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 Dec 27.
Any Chinese citizen living in the eastern city can register for the lottery through Suzhoudao, the city’s official public services app.
Winners will receive their…
