Tag: 15M

China hands out $1.5m of digital currency in cashless society trial

  • Authorities in Shenzhen, southern China, have handed out $1.5 million of a new digital currency as part of a trial of a cashless society.
  • Last Friday authorities gave 50,000 lottery winners the equivalent of $30 each to spend digitally by October 16, the state-run China Daily reported Monday.
  • The digital currency is not like a cryptocurrency, and is issued and controlled by China’s central bank, the People’s Bank of China.
  • The PBoC said it plans to formally launch the digital payment system in late 2020, according to the BBC.
  • Visit Business Insider’s homepage for more stories.

A Chinese city has handed out 10 million yuan, or $1.5 million, in digital currency to trial what citizens would do in a cashless society.

On Friday, 50,000 people living in the Luhou district of Shenzhen were given digital “red envelopes,” each containing around 200 yuan ($30) worth of the digital currency, the state-run

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DISA to deliver web-browsing protection to 1.5M users — FCW

Defense

DISA to deliver web-browsing protection to 1.5M users

 

The Defense Department’s IT agency is beginning production on its tool that allows internet users to browse without exposing DOD’s network to cyber vulnerabilities on non-government websites.

The Defense Information Systems Agency awarded its first other transaction authority production contract for $199 million to By Light Professional IT Services to support its cloud-based internet isolation (CBII) pilot program, the agency announced August 19.

DISA previously indicated it wanted to scale the program from the initial 100,000 users to 3.5 million as the Defense Department has embraced telework on unprecedented levels this year to cope with COVID-19 pandemic..

DISA is moving its users first before other DOD organizations, Sherri Sokol, CBII’s program manager told reporters Sept. 3. A total of 1.5 million users are planned for migration in the first year of production.

Steve Wallace,

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