In a bid to further explore the potential of the digital yuan, a number of Chinese cities have launched year-end giveaways where citizens are rewarded with yuan to be spent on digital currency. This is part of a larger effort by the Chinese government to promote the new digital currency and get citizens used to its use. Beijing, Shanghai, SuNing, Chengdu and other cities have all participated in the year-end digital yuan giveaway. Some cities are offering up to 10,000 digital yuan per person in the scheme. The giveaway is targeted at people aged between 18 and 25, and the focus is on exploring the potential of the digital currency for daily use. Retailers are also being encouraged to accept digital currency as payment for goods and services. The giveaway is part of a larger effort by the government to boost the circulation of digital yuan and get people used to its use. The hope is that the digital yaun can eventually become a widely accepted alternative to cash.
