China's Digital Yuan giveaway nothing to be excited about
Shenzhen city of China is giving away 10 million worth of digital Yuan, a pilot program before a complete launch of the digital Yuan.
The Chinese city of Shenzhen is giving away a total of 10 million yuan ($1.49 million) in the country’s central bank digital currency (CBDC) to 50,000 residents in an effort to boost its usage, the South China Morning Post reported Friday. This is part of the digital yuan pilot program that is being conducted in several major cities in China and the first public test of the digital currency. Shenzhen, known for its shopping destinations, is a modern metropolis city in southeastern China that links Hong Kong to China’s mainland.
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We love Airdrops in crypto, while CBDCs are nothing like crypto, the digital Yuan is not the kind of Airdrops we are accustom to, you can't HODL, can't send it to a friend but have to spend it in some specific stores.
China and other nations raises to dominate digital currency world but if it is not crypto, it definitely is not crypto.
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