China pressuring companies to expand digital yuan CBDC trials

Written By Francisko Kim

Key points:

  • China is set to fully roll out their digital yuan CBDC (e-CNY) for the 2022 Beijing Winter Olympics in February

    • The digital currency has been tested throughout major provinces since April 2020

  • Some of the big retailers reportedly being pressured to expand the trial program are:

    • McDonalds, Visa, and Nike

    • McDonalds was already testing out the digital yuan wallets as a payment option in over 250 McDonald’s locations in Shanghai

View full article by Brenda Ngari

Francisko Kim
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