Express

China Launched 3 Million Digital RMB Reward Exchange Pilot Activity In Xiong'an New Area

Mary Liu

Summary: On July 1, China's Xiong'an New Area launched a digital RMB reward exchange pilot program.  The event was co-sponsored by the Xiong'an New Area Management Committee and the Shijiazhuang Central Branch of the People’s Bank of China. The digital RMB red envelopes with a total value of 3 million yuan will be distributed to the local people.  ...

On July 1, China's Xiong'an New Area launched a digital RMB reward exchange pilot program. 

The event was co-sponsored by the Xiong'an New Area Management Committee and the Shijiazhuang Central Branch of the People’s Bank of China. The digital RMB red envelopes with a total value of 3 million yuan will be distributed to the local people. 

The red envelopes are redeemed through step-counting points for users of the Xionganhang APP. The amount of each digital RMB red envelope is 50 yuan, and each user can redeem it up to 4 times. The red envelopes issued can be consumed at designated merchants.

By Mary Liu

Last Update:

Tags: ,
Link: China Launched 3 Million Digital RMB Reward Exchange Pilot Activity In Xiong'an New Area   [Copy]
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 5 hours ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 3 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 4 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 7 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 8 days ago
  • You need to login to comment.