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China’s CBDC Wallet Resorts to Ages-Old Tradition To Boost Adoption

China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money in an electronic version of traditional “red packets” to try to attract new users.

The new feature was released over the weekend, around one month ahead of the Chinese New Year on Jan. 22, as reported by the South China Morning Post on Dec. 26.

(By JESSE COGHLAN)

CBDCs China
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