McDonald’s and Starbucks not participating in digital yuan testing: report
The American fast food giants were previously thought to have been among the 3,000 firms taking part in trials of China’s digital yuan.
Latest digital yuan News
The CoinGeek Pulse: Episode 16
In this week’s CoinGeek Pulse, Shenzhen residents receive digital yuan in People’s Bank of China’s red packet giveaway, G20 wants to set standards for sovereign digital currencies, and James Belding gave an online demonstration of the Tokenized platform.
China’s Shenzhen city giving away $1.5M in digital yuan to boost adoption
Luohu district in Shenzhen will distribute 50,000 digital ‘red packets’, each containing 200 yuan ($29.7) in a lottery.
China’s 2nd largest bank briefly launches CBDC wallet—then disables it
The China Construction Bank briefly rolled out the feature over the weekend, allowing users of its mobile app to access the digital yuan.
China digital yuan catering to small retail transactions
The digital currency electronic payment has been on a test run, targeting small retail transactions amid preparations for nationwide rollout.
Digital yuan to be tested by Tencent-backed firms in China
The People’s Bank of China has already met with the Beijing company to discuss proposals to trial digital yuan across its platform.
China’s ride-hailing service DiDi signs on to pilot digital yuan
DiDi has entered into a strategic partnership with the People’s Bank of China’s Digital Currency Research Institute to solidify the initiative.
PBoC governor confirms ‘no timetable’ for digital yuan
Yi Gang, head of the Chinese central bank, said there was no date for an official launch yet for the digital yuan project.
China central bank to develop blockchain trade finance platform
Participating banks will be able to share information on the blockchain, without the need for third party verification or intervention.
McDonald’s and Starbucks join China’s digital yuan trial: report
The pair joins 19 retail shops and restaurants in signing up for the digital yuan trial, which will take place in Xiong'An, China.
China plans to give CBDC to state employees in pilot scheme
The scheme will see government employees in Suzhou paid 50% of their travel subsidies for May in digital currency.
People’s Bank of China will ‘undoubtedly’ launch digital yuan
The central bank said it would continue the development of a digital currency, with a view to launching as soon as practical..