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Over 2.6 million users signed up for the Shenzhen City digital yuan airdrop

News Snapshot:

According to data obtained by the local media outlet Sohu.com, The Shenzhen Chamber of Commerce has registered more than 2.6 million registrations for its latest airdrop of digital yuan, or e-CNY. Two months before, The city of Shenzhen announced it would release 30 million central bank digital yuan, or CBDC, to local residents to stimulate consumer spending as a recovery measure from the country’s strict coronavirus lockdown. Users who received the airdrops through a random lottery selection were able to spend the e-CNY vouchers at various participating merchant terminals on Meituan, one of China’s leading e-commerce platforms. The event, held…

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