FORT is a buy. Digital currency here to stay.China knows it
China will hand out 40 million renminbi ($6.2 million) of its digital currency to citizens in Beijing in a lottery. Residents of the Chinese capital can use two banking apps to apply to win one of 200,000 so-called red packets as part of the lottery containing 200 yuan each. China has yet to do a nationwide rollout of the digital yuan, which it has been developing since 2014, but is instead focusing on trials in the form of lotteries around the country.