We can see digital money developed by China in restaurant chains such as Starbucks, McDonald’s and Subway.

According to the news of The Block, a new meeting was held in Xiongan region of China. At this meeting, the idea of ​​introducing the digital yuan project in chains such as Starbucks and McDonald’s was discussed.

According to the Global Times report, local executives, Central Bank officials, banks such as China Industry and Trade Bank, China Ziraat Bank, Bank of China, China Construction Bank; Representatives from companies such as Tencent and Alipay attended.

In addition to names such as Starbucks, McDonald’s and Subway, it is said that representatives from companies such as Qinfeng Baozi, Oscar Cinema, JD, UnionPay, Zhonghai SPV Group attended the meeting.

Introductory                                                                                                            According to the information conveyed by InterChain Pulse, the participants of this meeting included officials from chains such as Starbucks, McDonald’s and Subway.

We know that the Central Bank of China has started to try the digital yuan project in the city such as Shenzhen, Suzhou, Xiongan and Chengdu. But it was not known exactly how to test digital yuan in these cities.

If there are positive results from the negotiations in Xiongan, we can see that the digital yuan has started to be used in chains such as Starbucks and McDonald’s. This will enable the digital yuan project to spread in a short time and gain an international recognition.

See Also
China tests PIX-like system to launch digital currency

When will it finish?
It is not known exactly when China’s digital money project will be ready. However, officials have already begun using this money to pay for some municipal employees.

In addition, the Journal of People’s Journal in China recently shared important information about this project. According to this report, the Central Bank of China is considering using the digital yuan at the 2022 Winter Olympics. This may mean that the digital yuan project will be available by 2022 at the latest.


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