According to local newspaper Shanghai Securities News, the city of Shenzhen airdrop 30 million digital Chinese yuan (e-CNY) to local residents in an effort to revitalize consumer spending. The airdrop is a joint effort between the city of Shenzhen and Meituan Dianping, China’s leading food delivery app. According to the instructions, users must first log in to the Meituan APP, register for the incentive, and then optionally receive the e-CNY rewards in a sweepstakes. If chosen, the e-CNY is then distributed to users and can be spent at more than 15,000 in-app merchant terminals that accept state-owned digital currency. Previously,...