City of Shenzhen airdrops 30M in free digital yuan to stimulate consumer spending
Cointelegraph
Published May 30, 2022 11:30AM ET
Updated May 31, 2022 01:20PM ET
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.
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Written By: Cointelegraph
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