{"id":34342,"date":"2021-01-04T11:45:58","date_gmt":"2021-01-04T09:45:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34342"},"modified":"2025-08-28T20:00:14","modified_gmt":"2025-08-28T17:00:14","slug":"shenzhen-to-run-another-mass-test-of-the-digital-yuan","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/shenzhen-to-run-another-mass-test-of-the-digital-yuan\/","title":{"rendered":"Shenzhen to run another mass test of the digital yuan"},"content":{"rendered":"<p>Authorities in the Chinese city of Shenzhen will distribute via lottery 100,000 \u2018red envelopes\u2019 containing 200 digital yuan (DCEP) each. The total amount will be around $3 million, according to <a href=\\\"https:\/\/www.theblockcrypto.com\/linked\/89902\/shenzhen-third-digital-yuan-test?utm_source=feedly&#038;utm_medium=rss\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">The Block<\/a>, citing local sources.<!--more--><\/p>\n<p>\\n<\/p>\n<p>Lottery winners will be required to spend the funds from January 7 to 17. More than 10,000 shops, restaurants and supermarkets in Shenzhen will accept the funds.<\/p>\n<p>\\n<\/p>\n<p>In October 2020, city authorities <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-airdrop-drew-nearly-2-million-people\">carried out the first distribution<\/a> of the digital yuan among the population. At that time, applications for one of the 50,000 \u2018red envelopes\u2019 were submitted by 1,913,847 people.<\/p>\n<p>\\n<\/p>\n<p>In December, a mass test of the digital yuan took place in Suzhou \u2014 the authorities <a href=\"https:\/\/u1f987.com\/en\/news\/suzhou-to-pilot-digital-yuan-distribution-through-red-packets\">distributed 100,000 \u2018red envelopes\u2019<\/a> with 200 DCEP.<\/p>\n<p>\\n<\/p>\n<p>The pilot project in the city differed from Shenzhen&#8217;s not only in scale:<\/p>\n<p>\\n<\/p>\n<ul>\\n<\/p>\n<li>the tests involved <a href=\"https:\/\/u1f987.com\/en\/news\/six-banks-to-provide-wallets-for-digital-yuan-tests-in-suzhou\">wallets from six of the country&#8217;s largest banks<\/a>;<\/li>\n<p>\\n<\/p>\n<li>the funds could be spent <a href=\"https:\/\/u1f987.com\/en\/news\/digital-yuan-payments-top-20000-jd-com-purchases-in-24-hours\">at China&#8217;s second-largest online retailer<\/a>\u2014 JD.com;<\/li>\n<p>\\n<\/p>\n<li>a offline transfer option <a href=\"https:\/\/u1f987.com\/en\/news\/china-to-test-digital-yuan-payments-by-tapping-smartphones\">via touching smartphones<\/a> was opened.<\/li>\n<p>\\n<\/ul>\n<p>\\n<\/p>\n<p>According to Chinese media, the latest feature had errors, and in the new Shenzhen test it will not be deployed.<\/p>\n<p>\\n<\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"BujpngE5fJ\\\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/how-chinas-digital-yuan-dcep-put-it-at-the-forefront-of-monetary-innovation\">How China managed to become a leader in monetary innovation thanks to the digital yuan (DCEP)<\/a><\/p>\n<\/blockquote>\n<p>\\n<\/p>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u201cHow China managed to become a leader in monetary innovation thanks to the digital yuan (DCEP)\u201d \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/exclusive\/kak-kitayu-udalos-vyjti-v-lidery-monetarnyh-innovatsij-blagodarya-tsifrovomu-yuanyu-dcep\/embed#?secret=CwIf4UJ1j1#?secret=BujpngE5fJ\\\" data-secret=\\\"BujpngE5fJ\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p>\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Authorities in Shenzhen will distribute via lottery 100,000 \u2018red envelopes\u2019 containing 200 digital yuan (DCEP) each. The total amount will be around $3 million, according to The Block, citing local sources.<\/p>\n","protected":false},"author":1,"featured_media":34343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Shenzhen lottery to distribute 100,000 red envelopes with 200 DCEP each.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1095,133],"class_list":["post-34342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cbdc","tag-china"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"Shenzhen lottery to distribute 100,000 red envelopes with 200 DCEP each.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=34342"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34342\/revisions"}],"predecessor-version":[{"id":34344,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/34342\/revisions\/34344"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/34343"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=34342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=34342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=34342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}