Posted on 02/08/2021 7:29:50 PM PST by RomanSoldier19
China’s capital city will hand out about $1.5 million in a limited trial of the central bank’s digital currency, the municipal government announced over the weekend.
That marks the third major test of the digital currency under development by the People’s Bank of China. The cities of Shenzhen and Suzhou held similar experiments in the last few months.
In this trial, Beijing said it will select 50,000 from a pool of applicants to receive 200 yuan, or about $30 each, in the digital currency. Recipients can spend the money at designated offline locations or on parts of e-commerce site JD.com during the upcoming Lunar New Year holiday.
(Excerpt) Read more at cnbc.com ...
The bad news is that Hunter Biden is first in line, and he’s getting all of it.
The good news is “The Big Guy” gets 10%
How does one "hand out" digital currency?
"Okay, now: That's a zero for you, and a one for me. Zero for you, and one for me. Zero for you..."
Regards,
Digital currencies are just awesome for tracking every single purchase a slave of the state makes.
Fanboys, be careful what you wish for, you may get it and not like the ramifications.
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