Blockchain for Banking News

Rumors that McDonald’s, Starbucks in China’s digital currency tests

digital yuan China

According to an unconfirmed report in the Chinese press, it’s claimed some of the Chinese central bank digital currency (CBDC) tests will involve catering, retail and entertainment outlets, including branches of McDonald’s, Starbucks and Subway.

Other areas it will be tested include the JD unmanned supermarket as well as autonomous cars.

While this sounds high tech, the latest tests are planned for the Xiong’an New District, one of the four districts previously confirmed to be part of the pilots. Because it’s a new district, it’s being designed as a Smart City. Hence doing more extensive pilots there makes complete sense.

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