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China will give 40 million yuan to citizens for free

scale 1200 copyChina will give 40 million yuan to the citizens for free. This is a part of the second round of testing of the electronic currency.

Citizens will receive money in special envelopes, which will be won in a lottery. There will be 200 thousand such envelopes in total.

To participate in the drawing, you need to register. This can be done from June 5. And it is necessary to spend the received money in the period from 11 to 20 June.

It is noted that the active use of the digital yuan may be possible as early as 2022. Then Beijing will host the Winter Olympics. It is assumed that the digital currency will be available not only to Chinese citizens, but also to foreigners.

Note that to use the digital yuan, Chinese residents do not need an Internet connection or a bank card.

Another advantage of electronic currency over mobile payment systems is the ability to transfer very large amounts at once.

The People's Republic of China started developing a national electronic currency in 2014. Last year, the country began actively testing the new product, giving 150 million yuan to citizens for free.