WeChat users sent a billion digital cash envelopes to each other last night

For those of you who aren’t aware, Asia was awash with celebration last night as hundreds of millions of people gathered to celebrate the Chinese New Year. One of the traditions during this holiday is to give each other gifts and WeChat decided to add a modern twist to the tradition by enabling users to send virtual red envelopes to each other that contained actual cash. In less than a day, more than one billion of these envelopes were exchanged across Asia.