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Starbucks, Subway, McDonald’s Among Industry Giants to Test China’s DCEP in The Near

▪ Reports show American corporate giants in line to test China’s long-awaited digital currency electronic system.
 ▪ The trials are set to occur in China’s new city, Xiong’an, with the date remaining undefined.

In reports emerging from China, the DCEP system is set to begin testing across a number of companies including U.S. restaurant corporate giants including McDonald’s, Subway, and Starbucks. According to a media outlet, South China Morning Post, the People’s Bank of China (PBoC) is set to start its operational trials of the DC/EP in bars, retail stores, hotels, and other convenient stores in its new digital city, Xiong’an in the near future.