China’s CBDC wallet resorts to ages-old tradition to boost adoption Post author:MiamiCrypto Post published:December 28, 2022 Post category:alipay / CBDC / central bank digital currency / e-CNY / hongbao / red packet / wechat pay / Yuan A traditional Chinese way of gifting money that’s gone virtual with the rise of digital payments has been introduced into the digital yuan wallet app. You Might Also Like U.S. is not moving fast enough to develop a CBDC, says former CFTC chair November 17, 2021 Jack Dorsey Envisions Bitcoin Replacing US Dollar — Foresees BTC Reaching $1 Million July 7, 2024 Senate Votes 85-5 to Ban a Fed Digital Dollar Through 2030 June 23, 2026