The city of Shenzhen conducted the first test in October last year. At that time, 50,000 Shenzhen citizens participated in the test using 10 million yuan of digital yuan. According to the Beijing Sangbo, the total number of digital yuan allocated to the third test is 20 million yuan (KRW 3.3 billion), and the number of winners has also doubled to 100,000.
In addition, the range of digital renminbi usage has also expanded. At the time of the first test, only 3389 stores in Luohu District of Shenzhen could pay in digital renminbi, but in the third test, it can be used at about 10,000 stores equipped with a digital renminbi payment system.
According to Beijing Sangbo, the city of Shenzhen recruited individual test participants by 10 am on the day. The winners of the experiment will be notified by text from 8 am on the 7th. Participants in the experiment will be able to use digital renminbi until the 17th. The city of Shenzhen will provide a parcel containing 200 yuan per person to the winners, and a total of 100,000 will be allocated.
The second test conducted in Suzhou City ended on December 27 last year. Last week, Suzhou City reported on WeChat that 96,614 winners had almost used up 10 million yuan, which was paid to use for free. It was found that 55% of the digital renminbi paid was used in offline stores, and the rest was used through Chinese e-commerce platform Jingdong.com. Of these, 536 people tested the ability to pay by touching digital yuan offline.
The Block, a cryptocurrency specialty media, said that in the third test conducted in Shenzhen, some functions supported in the test conducted in Suzhou City could not be used. This is because a technical problem occurred in the function of paying by touching digital yuan offline.