McDonald's is reportedly part of China's digital currency trial [CNBC]
Meta Platforms, Inc. - Class A (FB)
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Source: CNBC
A pedestrian walks past McDonald's and Starbucks signage in the Futian district of Shenzhen, .Brent Lewin | Bloomberg | Getty ImagesThe People's Bank of , the country's central bank, has been developing a digital currency over the past few years. While there are very few details at the moment about its exact design, it's unlikely to resemble popular cryptocurrencybitcoin's digital yuan will be issued by the PBOC and the focus appears to be making digital payments easier and faster.McDonald's, Starbucks and Subway are the three U.S. firms among 19 companies in total that will be participating in the digital currency trial in Xiong'an, which held a promotional event on Wednesday, state-backedSecurities Times reported.However, a Starbucks spokesperson told CNBC the company is "not participating in any digital currency trial in ."McDonald's and Subway were not immediately available for comment when contacted by CNBC. The central government agency reportedly overseeing the project did not
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