In an effort to draw in more users, the wallet application for China’s CBDC, the digital yuan, included the ability for users to transmit money in an electronic equivalent of the classic “red packets.” China’s CBDC Wallet to Boost Adoption According to a December 26 article in the South China Morning Post, the new feature was published over the weekend, around one month before the Chinese New Year on January 22. The “red packets,” also known as hongbao in China, are customarily used for giving money as a manifestation of good luck during Chinese New Year festivities and other occasions. The post China’s CBDC Wallet Turns to Long-Standing Norms to Drive Adoption appeared first on Cryptoknowmics-Crypto News and Media Platform .
