Jing’an District Of Shanghai Starts Offering Blockchain-Based Discount Coupons
Jing’an District Of Shanghai Starts Offering Blockchain-Based Discount Coupons
September 2, 2020
Jing’an District Of Shanghai Starts Offering Blockchain-Based Discount Coupons
Jing’an District Of Shanghai Starts Offering Blockchain-Based Discount Coupons
September 2, 2020

The Jing’an District of Shanghai has started offering blockchain-based discount coupons. 

It has been reported by a local news outlet Shine that the district will issue the coupons using one of WeChat’s mini-programs operated by the Jing’an Culture and Tourism Bureau. 

However, WeChat mini-programs are smaller sub-applications built within the WeChat ecosystem to offer several online services like e-commerce, music and video streaming, and translation. 

The report said that the tourism bureau has integrated blockchain to their WeChat mini-program to adjust the number of coupons in circulation and the validity period of each of these by analyzing how people are using them.

The mini-program will send out new coupons daily, as the value of each blockchain-based coupon will vary between 5 yuan ($0.73) to 60 yuan ($8.80).

As per the report, employees, students and other residents of the district will be able to obtain the coupons using the WeChat mini-program. They can then redeem them at the movies, theater performances, and for online courses.

ALSO READ :  TATTOO Wine Allows Buying And Selling Of Wine, Uses Digital Tokens On Blockchain-based Platform

Users will be able to use the coupons at venues including the Hubei Movie Theater, the IV Movie Theater, the Majestic Theater, and the Shanghai-based online radio platform Ximalaya.

Thus, Chen Hong, the Director of the Tourism Bureau, said that they were also working with Ximalaya to encourage more people to use the coupons to buy online courses and digital books as more people turn to the Internet for entertainment during the coronavirus pandemic.

Source: Cointelegraph | Image: Culture Trip


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!