China starts digital Yuan test

China starts digital Yuan test

This May, Chinese customers of American companies Starbucks, McDonalds and Subway will be amongst the 1st testers of China’s official digital yuan. Does China want its e-yuan up and running before the 2022 Olympics? What will be the global leading e-currency 5 years from now: a version of the ‘Facebook’ Libra adopted by the US Fed, the ECB digital € or the e-Yuan from China?

Take away on China’s view: “Blockchain is 10 times more valuable than the internet!”

A must-read: https://www.ledgerinsights.com/china-digital-currency-wallet-dcep-cbdc/

 

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