Many of the recipients of the recent digital yuan giveaway have spoken out to news agencies and on social media as the first non-testbed users of the forthcoming central bank digital currency (CBDC) start spending their tokens – with some stating that using the token is “no different” from using conventional e-pay platforms.
Per media outlets Xinmin Evening News (via NetEase) and Caijing, a whopping 1.91 million eligible residents of the Luohu District of Shenzhen applied to receive digital “red envelopes” via text message from four state-run intermediary banks, including the China Construction Bank.
50,000 received payouts worth just under USD 30, with a drop rate of under 3%.
Xinmin quoted a recipient as stating,
