China is set to hold one of the biggest trials of its sovereign digital currency, making it available for payments at one of its biggest e-commerce platforms, JD.com, after yet another massive giveaway.
Some 100,000 lucky residents of Suzhou city in the eastern Chinese province of Jiangsu are set to receive digital red packets worth 200 yuan (over $30) next Friday. The lottery, which will distribute a total of 20 million yuan ($3 million), will be held on the eve of a year-end shopping festival known as ‘Double 12’, sometimes called Couples’ Day.
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