Winners can receive their red packet by opening an e-wallet via the official Digital Renminbi App. The app is not yet available for public download, and it will be accessible via a link sent to the lottery winners.
#DCEP #CBDC 🙃 scmp.com/economy/china-…
#DCEP #CBDC 🙃 scmp.com/economy/china-…
E-CNY 
China’s central bank-issued digital currency (aka E-CNY) in action in Shenzhen this weekend
After Shenzhen, here comes Suzhou...
“Some 10,000 shops will take part in the Suzhou trial, and it will also include JD.com, the Chinese e-commerce giant, which is providing ‘technology plus service’.”
“Some 10,000 shops will take part in the Suzhou trial, and it will also include JD.com, the Chinese e-commerce giant, which is providing ‘technology plus service’.”
https://twitter.com/scmpeconomy/status/1335399555559424001
According to one “operational guidance” document handed out to merchants in the digital yuan pilot programme... “A merchant can decline payment in Alipay or WeChat Pay, but cannot decline payment in e-yuan”. scmp.com/economy/china-…
A shop assistant at a milk tea store said... “If they connect my spending in e-yuan with my score in the social credit system, we will be bound to use it.”
@ChinaLawTransl8 🤔
@ChinaLawTransl8 🤔
“macro targeting procedure” 🤔 wsj.com/articles/china…
Back to Shenzhen (Futian, to be precise)
https://twitter.com/SCMPNews/status/1346413629223161856
E-CNY hardware wallet (in this case issued by PSBC)
Beijing, Suzhou scmp.com/economy/china-…
“If something happens to them, financially or technically, that would definitely bring a negative impact to the financial stability... In order to provide a backup for the retail payment system, the central bank has to step up and provide a central bank digital currency service.”
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