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Home Business Shenzhen residents embrace digital currency Shenzhen residents embrace digital currency Business Comments Off on Shenzhen residents embrace digital currency Spread the love Image copyright Getty Images China’s central bank has issued 10 million yuan ($1.5m; £1.1m) worth of digital currency to 50,000 people in the Shenzhen area via a lottery. The move is the latest in a series of trials testing out China’s new Digital Currency Electronic Payment (DCEP). Those who were successful received digital “red packets†worth about 200 yuan, which they could download and spend at more than 3,000 stores. Nearly two million people signed up...
