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The Chinese city of Suzhou is holding a giveaway for the digital yuan on the day of the Double 12 event

The Chinese city of Suzhou will be the second to launch a red envelope test for the upcoming digital yuan, according to a local media report. The paper.

After the successful pilot plan in Shenzhen last month, insiders say Xiangcheng’s Suzhou District is launching a giveaway that coincides with the country’s Double 12 shopping event 12th of December.

According to reports Many companies in the district have QR codes installed before testing.

The Chinese city of Suzhou is holding a giveaway for the digital yuan on the day of the Double 12 event
The Chinese city of Suzhou is holding a giveaway for the digital yuan on the day of the Double 12 event

The previous Shenzhen test had an overall 10 million yuan distributed digitally to 50,000 winners through red envelopes, in a drawing in lottery format.

As Cointelegraph reported, the envelopes were distributed within two weeks of the distribution 95% of the winners had handed out their 200 yuan digital prizeand some attendees bought more.

But still, The participants in the Shenzhen program could not use the “offline” and “touch” functions of digital wallets, known as Panda Wallets.

The launch of Suzhou will include this functionality: This allows users to transfer money simply by touching mobile deviceseven if nobody is connected to a network.

Double 12 is an Alibaba shopping festival, one month after his highly acclaimed Singles Day event. It is very focused on offline editions and smaller brands.

There is currently one too Closed beta testing of the digital yuan in Chengdu CityThe venue for the 2022 Winter Olympics will also participate in a closed pilot program.

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