As China gets ready to celebrate one of its biggest holidays, the Lunar New Year, authorities in Beijing and Suzhou are handing out 40 million yuan ($6.2 million) in another public lottery as part of digital currency tests.
The two cities are reportedly planning to distribute 200,000 red packets – each worth 200 yuan (nearly $31) – starting on Wednesday, February 10, the day before Chinese New Year’s Eve. Red packets, or envelopes, containing money are a form of a traditional gift in China. They have also long been used in the digital space, as Chinese tech companies made it possible to send money using red packets via apps.
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