The app for managing digital yuan wallets has been updated to include a digital version of a traditional Chinese method for giving money as a gift, which was rendered obsolete by the rise of digital payment systems. In an effort to entice potential new users, the wallet app for China's digital yuan central bank digital currency (CBDC) has included a feature that allows users to send money in an electronic version of the country's traditional "red packets." According to a report published by the South China Morning Post on December 26, the new functionality was made available over the course of the past weekend, approximately one month before the beginning of the Chinese New Year on January 22. As a symbol of good fortune and prosperity, "red packets," which are known as hongbao in China, are customarily given as gifts of money during celebrations such as the Chinese New Year and other occasions. As the use of digital payments continues to grow, popular regio