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 More foreign banks join China’s CBDC pilot trials November 28, 2023 US nears ban on CBDCs until 2030 as housing bill goes to Trump June 24, 2026 IMF recommends CBDC and global crypto standards for financial stability October 3, 2021