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Beijing Issues 50,000 Digital RMB Red Envelopes Worth 200 Yuan

On the one-year countdown to the opening of the Beijing Winter Olympics, in order to implement the scientific and technological Winter Olympics action plan and strengthen the construction of the Winter Olympics payment service environment, Beijing launched the “Digital Wangfujing Ice and Snow Shopping Festival” digital renminbi pilot activity around the entire Winter Olympics consumption scene.

The “Digital Wangfujing Ice and Snow Shopping Festival” event was sponsored by the People’s Government of Dongcheng District, Beijing. 50,000 digital renminbi red packets were issued to the winners through appointments and lottery, each with a value of 200 yuan. Those who have won the lottery can spend without any threshold in the designated merchants of Wangfujing and the “Digital Wangfujing Ice and Snow Shopping Festival” activity area of JD.com. The reservation registration channel will be officially opened on February 7, 2021, and the consumption activity will be from February 10 (the 29th of the twelfth lunar month) to February 17 (the sixth day of the first lunar month).

The “Digital Wangfujing Ice and Snow Shopping Festival” event supports digital RMB red envelopes for online and offline consumption in ice and snow sports and Winter Olympics food, housing, travel, shopping, shopping, entertainment, and other scenarios. It is a routine test in the digital RMB research and development process It is also an innovative practice carried out by Beijing to promote the construction of an international consumption center city, stimulate domestic demand, and encourage “Chinese New Year on the spot”.

In the next step, Beijing will steadily promote more pilot applications of digital renminbi around the 2022 Winter Olympics, continue to deepen the implementation of the “two-zone” policy, continue to improve the construction of legal digital currency test areas and financial technology application scenarios test areas, and improve Beijing’s smart city services Level, build an international consumption center city, and provide a good service guarantee for the construction of the payment environment for the Beijing Winter Olympics.

  1. Cheaper, Faster… Riskier: Over Half Of Brits Plan To Use ChatGPT For Completing Their Tax Returns Read more
  2. WorkFusion Raises $45 Million in Funding to Fuel Growth for Agentic AI for Financial Crime Compliance Read more
  3. AI-Powered E-commerce, Stablecoins and Local APMs: Emerging Trends Headline EBANX’s Payments Summit in Mexico Read more
  4. Second Day of Money20/20 Middle East Unveils Next-Gen Solutions at the Region’s Largest Ever Fintech Gathering Read more
  5. United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize Read more
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