China will test giving away $ 1.5 million worth of cryptocurrency during the Chinese New Year.

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China will test giving away $ 1.5 million worth of cryptocurrency during the Chinese New Year.

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Beijing Government Capital of china Announced that Beijing will distribute US $ 1.5 million to test the use of the People's Bank of China digital currency

The latest move marks the third big trial of a cryptocurrency developed by Chinese banks. Shenzhen and Suzhou conducted similar experiments a few months ago.

The Beijing government said this time the trial of the use of cryptocurrency. Beijing will give away 200 yuan worth of cryptocurrencies, or เกมยิงปลา approximately US $ 30, to 50,000 selected participating applicants, with the recipients able to spend it in offline stores or e-commerce platforms like JD. com during the upcoming Chinese New Year.

The voucher cards distributed to program participants will be available from February 10-17, with the cryptocurrency trial open to those with a Chinese national ID number or residence permit. Live in Hong Kong, Macao and Taiwan

Chinese banks are in the process of developing a digital currency that is expected to work in the same way that it is currently in use, such as making mobile phone transactions via Alibaba's Alipay app. Tencent's Ba and Wechat Pay, which have replaced cash in recent years. And became the dominant form of payment in China.

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