According to CoinDesk transferring from local news organ ChainNews; The Reform and Development Commission in Xiong’An, Hebei district held a meeting on the subject on Wednesday and a pilot region was selected for testing the digital yuan. As it is known, China has been running serious projects for digital yuan for a long time and this movement shows how eager the country is in this regard. It is also known that state-owned commercial banks in the country have also developed a wallet application called DC / EP inside the digital yuan. In this important meeting in the news; State institutions, 4 state-owned commercial banks, Ant Financial and Tencent, as well as 19 restaurants, entertainment and retail stores that will participate in the test. Important brands such as McDonald’s, Starbucks, Subway and JD Supermarkets are also located in the pilot area to be tested. In the news, no information was given when the test would start or how long it would take. Last week, it was reported that China Agricultural Bank had developed a test UI showing how to handle digital yuan in a DC / EP wallet. The test application, which has the option to download to phones, shows that the trials will be carried out in Chengdu, Suzhou, Shenzhen and Xiong’An cities. Another local news agency said on Thursday that trials in Suzhou will test digital payments for government officials. As you may remember, the Central Bank of China confirmed last week’s trials, but stated that this does not indicate the official start of the digital yuan.

Starbucks And McDonald s To Test China s Official Digital Currency - 72