Express
140,000 Transactions Processed In Second City-Wide Digital Yuan Trial
Summary: Residents in Shenzhen have made 140,000 transactions in digital yuan during a 10 day city wide test of China's central bank digital currency, as reported by The Block. The city of Shenzhen conducted its second test run of the digital yuan. Starting on January 7, the city gave away $3 million worth of digital yuan ...
Residents in Shenzhen have made 140,000 transactions in digital yuan during a 10 day city wide test of China's central bank digital currency, as reported by The Block.
The city of Shenzhen conducted its second test run of the digital yuan. Starting on January 7, the city gave away $3 million worth of digital yuan to 100,000 local citizens through a lottery. More than 1.8 million people signed up for the lottery, according to a local government WeChat post.
As of January 17, 95,628 lottery winners activated their digital yuan wallets and made 139,794 transactions during the test period with a total spending of 18.22 million yuan, or $2.8 million. While free unspent yuan will be voided after the test finishes on January 17, the digital yuan wallets will remain active.
By Emily Mason
Tags: Bitcoin,BTC,CBDC,Central Bank Digital Currency,Digital Yuan
Link: 140,000 Transactions Processed In Second City-Wide Digital Yuan Trial [Copy]
