McDonald’s and Starbucks Among Early Testers of Chinese CBDC

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According to the report, the Xiongan New Area management’s reform and development bureau held a meeting to the effect. The meeting involved a total of 19 merchants, as part of the first testers of the CBDC. Others include popular dumpling store Qin-Feng Baozi, and a few other hotels, and convenience stores. A bakery and a bookshop were also a part of the list.

Last week, Kryptomoney reported that China had begun testing the CBDC in four cities. Apart from Xiongan, the other cities include Shenzhen, Chengdu, and Suzhou. The new report suggests that testing in the Xiaongan New Area is mostly focused on retail companies, including food vendors. For Suzhou City, testing is targeted at local government staff.

Image Credits: Pixabay

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