Cryptocurrency News
City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
2022.05.30 20:01
City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
According to local news outlet Shanghai Securities News, the city of Shenzhen will airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an attempt to revitalize consumer spending.
The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping (OTC:MPNGF), China’s leading food delivery app. As per instructions, users would need to first login to the Meituan app, sign up for the incentive, and then potentially receive the e-CNY rewards as part of a lottery draw.
