Published 2 years ago • loading... • Updated 2 years ago

China doles out millions in digital yuan in bid to boost adoption: Report

Summary by Ground News

Multiple cities reportedly gave away over $26.5 million, or 180 million yuan worth of the CBDC in programs such as subsidies and consumption coupons. One example provided by the outlet included the Shenzhen local government handing out over $14.7 million (100 million yuan) to subsidize the catering industry in the city.

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eBargains | Blockchain and Cryptocurrency News Center

China doles out millions in digital yuan in bid to boost adoption: Report | Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator

Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the holiday season.

2 years ago

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Bitcoinist

Digital Yuan Gifts In China During Holiday To Increase Adoption, Report Says

Recent events in China indicate the country's paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of

2 years ago

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DropTown

China gives away digital Yuan (e-CNY) worth million to boost adoption

China gives away digital Yuan (e-CNY) worth million to boost adoption Source link

2 years ago

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Bitcoin Ethereum News

China doles out millions in digital yuan in bid to boost adoption: Report - BitcoinEthereumNews.com

Millions of dollars worth of China’s central bank digital currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid

2 years ago

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AMBCrypto

China gives away digital Yuan (e-CNY) worth million to boost adoption

Chinese cities have launched digital yuan (e-CNY) activities worth over $26.6 million (180 million yuan) to promote its adoption.

2 years ago

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p2payer.com

China doles out millions in digital yuan in bid to boost adoption: Report

China doles out millions in digital yuan in bid to boost adoption: Report Millions of dollars worth of China’s Central Bank Digital Currency (CBDC ) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup.

2 years ago

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