2020-11-29

Suzhou Planning Digital RMB Airdrop

Suzhou will be the first city after Shenzhen to test the digital renminbi with a lotto airdrop. Second digital yuan lottery to launch in Suzhou: report 36kr: 继深圳之后 苏州数字人民币红包也来了 数字货币进程加速
According to the person familiar with the matter, many businesses in the relevant urban area of ​​Suzhou have installed NFC ( Near Field Communication) QR codes, but the payment carrier is still in the hands of testers. At present, testers have experienced digital renminbi payment and can use "offline" And the "touch" function. This is the difference from Shenzhen, where the “offline” and “touch” functions could not be used in the Shenzhen pilot. In fact, this is one of the biggest differences between the digital renminbi and Alipay and WeChat payment. The digital currency project initiated by the central bank is also called "DC/EP", which means digital currency and electronic payment tools. It is a digital form of the paper renminbi, and the price is linked to the renminbi and has high currency stability. Prior to this, Shenzhen launched a digital RMB pilot program, and the central bank distributed 10 million red envelopes in cash. On the evening of October 8th, the Shenzhen branch of the Central Bank and the Shenzhen branch of the four major banks of China Construction Industry and Agriculture Corporation issued the "Lixiang Luohu" promotion activity through WeChat public account. The digital renminbi was formally used for pilot projects in consumer coupon scenarios.  
The currency will be launched on the "Double 12" shopping holiday (a sequel to the "Double 11" online shopping holiday), December 12.

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