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Gate.io blog: Digital or Crypto: What is the future of our monetary _? Understand Central Bank Digital Currencies
Gate.io blog: Digital or Crypto: What is the future of our monetary _? Understand Central Bank Digital Currencies
2021-06-09 08:05:08 UTC
28161 Okundu
Following Shenzhen, Suzhou, and Beijing, the next stop for e-CNY (or DC/EP) is Shanghai. On June 4th, the Shanghai Municipal Government stated that it would draw 350,000 e-CNY red envelopes, each at 55 yuan, with a total of 19.25 million. This red envelope issuance is a routine test of China’s digital currency. During the validity period, people can use red envelopes for non-threshold consumption at certain merchants and relevant online platforms. Since April last year, e-CNY has been piloted in many cities in China, and the total amount of red envelopes issued has exceeded 150 million Yuan.
Click to read the full text: Digital or Crypto: What is the future of our monetary _? Understand Central Bank Digital Currencies
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Click to read the full text: Digital or Crypto: What is the future of our monetary _? Understand Central Bank Digital Currencies
Gate.io Blog
As a new information section of Gate.io, the Gate.io blog function will provide users with all-round investment support. It will offer the most timely information in the industry, as well as informative columns, exclusive research reports, interesting encyclopedia info, and other high-quality content. All of these combined will enable you to grasp the most valuable and high-quality information without leaving home.
We invite you to experience and bookmark this blog, in order to get essential investors tips.
Website: https://www.gate.io/en/blog/bloglist
*App will be launched soon, please keep an eye out for it!
Blog entry: “About-Gate Blog” at the bottom of Gate.io homepage.
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Jun 9, 2021
