China Presses McDonald’s To Support Digital Yuan

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The People’s Republic of China is preparing for its full roll-out of the CBDC in February 2022, during the introduction of the Beijing Winter Olympics. According to the Financial Times’ (FT) unnamed sources, the Chinese government wants McDonald’s to get on board with the digital yuan. FT notes that a large quantity of McDonald’s restaurants in Shanghai are currently testing China’s CBDC. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout

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