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Chinese Bank Uses Digital Yuan Giveaway to Promote Waste Recycling Drive

A Chinese commercial bank has launched new digital yuan-powered recycling rewards programs, with citizens receiving CBDC tokens in exchange for recycling their waste. Per Danzong, via Xinhua, the Qingdao Branch of the Bank of Communications has launched a CBDC-powered rewards solution. The bank debuted its solution in conjunction with the city’s household waste disposal provider Jiaoyun Beijie. Winners, selected at random, will be handed “small” quantities of coins. The firm thinks the drive will incentivize the correct use of recycling programs, as well as boosting “green household drives” and environmental efforts in the city.

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