The „red envelope“ test will be linked to a national shopping event and will add „offline“ and „touch“ functionality.
The Chinese city of Suzhou will be the second to launch a test of the „red envelope“ for the next digital yuan, according to a report by local media outlet The Paper.
Following a successful pilot scheme in the city of Shenzhen last month, experts say the Suzhou district of Xiangcheng will launch the draw to coincide with the country’s Double 12 shopping event on December 12.
Shenzhen will hold a public draw for 10 million digital yuan
Many companies in the district are reported to have already installed QR codes prior to the test.
The previous test in Shenzhen had a total of 10 million digital yuan distributed to 50,000 winners through red envelopes, in a lottery format draw.
As reported by Cointelegraph, within two weeks of the distribution of the envelopes, 95% of the winners had spent their 200 yuan digital prize, and some participants bought more.
95% of Chinese CBDC lottery winners spent their digital yuan prize
However, participants in the Shenzhen scheme were unable to use the „offline“ and „touch“ functions of digital wallets, known as panda wallets.
The Suzhou launch will include this functionality, allowing users to transfer money simply by touching mobile devices, even when neither is connected to a network.
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Double 12 is a shopping festival run by Alibaba, one month after their highly publicised „Día del Sol“ event. It focuses great attention on offline spending and smaller brands.
There is also currently a closed beta test of the digital Yuan in the city of Chengdu, and the host of the 2022 Winter Olympics will also be participating in a closed pilot programme.