Chinese e-commerce giant Meituan prepares digital yuan for the New Year – WORLD


Chinese e-commerce giant Meituan prepares digital yuan for the New YearThe digital yuan developed by the People’s Bank of China is planned to be used more in the new year. Meituan, one of the largest e-commerce companies in the country, has announced new methods and forms of coin donation for the upcoming “Year of the Rabbit” celebration.Lunar New Year, one of the most important holidays in China, this time coincides with January 22nd. On the same day, it is attested that red envelopes with money “supposed to bring good luck” are given to their employees, family members and workplaces, their employees.

Last year, the Central Bank prepared an application that allows users to send virtual red envelopes. These virtual envelopes, which were sent out to family and friends, contained digital yuan tokens.

This year, Meituan, one of China’s largest e-commerce platforms, announced that all residents of its designated digital yuan pilot zone will be able to receive a surprise gift box for the New Year.

Some of the virtual gift boxes will receive red envelopes containing 88.88 yuan ($12.75). Some of the most fortunate will receive envelopes containing 888 digital yuan ($129.39).

Digital Yuan can be exchanged for real Yuan through Meituan and related sites. Meanwhile, it should be noted that the number “8” is considered an extremely lucky number in Chinese culture. Another feature of Chinese culture is that rabbits symbolize longevity, peace and prosperity.

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