The Chinese authorities want to test the possibilities of the new digital currency with the help of a lottery - they will give awaymore than 10 million
Winners must download the Renminbi app,to receive digital money, according to the state news website China Daily. They will then be able to shop at local pharmacies, supermarkets and even Walmart.
Bitcoin for the first time in 2020 became worth more than 12 thousand.Dollars
China already tested the possibilities of the digital yuan in April 2020, when it launched a pilot program in which American companies - McDonald's and Subway - participated.Unlike decentralized cryptocurrencies such as Bitcoin, China's digital currency will becontrolled by the country's central bank.
The Chinese authorities have indicated that they want to go tocashless models, as the digital currency controlled by the government is easier to track. Digital payments that go through companies like TenCent and AliPay are already very popular in the country.
Chinese digital currency trials attractedattention of other countries in the region. The Bank of Japan has announced plans to begin experimenting with digital currency, although they have not provided specific technology. Japanese Finance Minister Taro Aso has expressed concern over the emergence of digital currencies, saying they could pose a threat to the global reserve currency system.
Read also
There may be universes in black holes. We tell you about the new discovery
On day 3 of illness, most COVID-19 patients lose their sense of smell and often suffer from a runny nose
Graphene microbubbles made perfect lenses