{"id":88901,"date":"2020-10-14T13:28:00","date_gmt":"2020-10-14T10:28:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/starbucks-and-mcdonalds-reportedly-not-testing-chinas-digital-yuan\/"},"modified":"2020-10-14T13:28:00","modified_gmt":"2020-10-14T10:28:00","slug":"starbucks-and-mcdonalds-reportedly-not-testing-chinas-digital-yuan","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/starbucks-and-mcdonalds-reportedly-not-testing-chinas-digital-yuan\/","title":{"rendered":"# Starbucks and McDonald\u2019s reportedly not testing China\u2019s digital yuan"},"content":{"rendered":"

“# Starbucks and McDonald\u2019s reportedly not testing China\u2019s digital yuan <\/strong>”
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American fast-food giants like Starbucks and McDonald\u2019s are reportedly not participating in China\u2019s ongoing digital yuan tests.<\/p>\n

According to an Oct. 14 report<\/a> by news<\/a> agency Sina Finance, China\u2019s central bank digital currency, or CBDC, is still being piloted on a \u201csmall scale,\u201d primarily involving the retail and catering industry.<\/p>\n

As reported, a number of foreign merchants, which were rumored to be part of China\u2019s CBDC tests, are actually not using the digital yuan for payment so far.<\/p>\n

Xiong\u2019an, one of the major Chinese cities piloting the digital yuan, reportedly had 19 companies<\/a> involved in its CBDC pilot, including Starbucks, McDonald’s, Subway and UnionPay\u2019s cloud project, Unmanned Automated Supermarket.\u00a0<\/p>\n

However, according to Sina Finance, none of these companies have participated in the digital yuan tests so far, and only accept digital payments through WeChat, Alipay and QuickPass.<\/p>\n

None of the firms have issued official statements about testing the digital yuan. Starbucks and McDonald\u2019s did not immedia<\/a>tely respond to Cointelegraph’s request for comment.\u00a0<\/p>\n

Chinese authorities launched the first digital yuan tests in April 2020. On Oct. 5, the central bank of China announced that the currency’s associated wallets processed $162 million in transactions between April and August 2020. In order to promote the currency, the central bank conducted a $1.5 million lottery. According to the latest news, 2 million people applied<\/a> for the lottery to spend the prize at 3,000 participating merchants.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“# Starbucks and McDonald\u2019s reportedly not testing China\u2019s digital yuan ” American fast-food giants like Starbucks and McDonald\u2019s are reportedly not participating in China\u2019s ongoing digital yuan tests. According to an Oct. 14 report by news agency Sina Finance, China\u2019s central bank digital currency, or CBDC, is still being piloted on a \u201csmall scale,\u201d primarily…<\/p>\n","protected":false},"author":1,"featured_media":88902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/storage\/uploads\/view\/dc199c708803c2662904bbe0cba210d0.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75046,75022,75159,75050,74889,75721,74880,4973,4965],"class_list":["post-88901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-cbdc","tag-central-bank","tag-digital-currency","tag-merchants","tag-payments","tag-starbucks","tag-transactions","tag-china","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/88901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=88901"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/88901\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/88902"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=88901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=88901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=88901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}