Digital Yuan is tested in the case of McDonald’s, Starbucks and Subway

China’s economy is the second largest in the world, and economists believe that the country will one day create a new global order and the financial domination of the Western hemisphere could finish. Various reports show that China is the Central Bank in the year 2020, a crypto-currency, digital Yuan is. This week regional reports that 19 well-known Restaurants, including Starbucks, Subway and McDonald’s, the virtual currency, the Bank will test.

From the Reports this week show that the People’s Bank of China comes with the Test of the digital Yuan advance. Rumors about the creation of a Yuan or a digital currency of the Central Bank (CBDC) in China since 2013. Four days ago, the PBoC confirmed the existence of the CBDC, after a series of photos were spread on social media. The PBoC made a statement to the Screenshots and stated that the Bank of Tests to run through.

The rumors, information in the Internet are part of the testing in our research and development process and does not mean that the digital Yuan was officially introduced

the PBoC said.

Now regional reports indicate that 19 popular Restaurants and retail shops will test the digital Yuan. The columnist for the financial news noted that Tencent and Ant Financial participated as well as JD Supermarkets, Starbucks, Subway and McDonald’s. a Variety of Chinese legislators are experimenting with the Test, and it Tests take place in the Suzhou new district Xiong’In the country. In Suzhou, the rumor that Chinese government employees could soon be on the CBDC, the PBoC paid.

With the Petro dollar for the last part of the way many Economists believe that China will be the economic super power in the world, with very few competitors. Market strategists expect that Russia will be involved in the rise of China, as both countries have participated in transactions in the back room, to trade Oil for other currencies and commodities.

In addition, according to Economists, the digital Yuan will be an integral part of China’s role in the development of economic Superiority. The British Journalist and scholar Martin Jacques believes that “China’s future economic strength will change the political and cultural landscape of the future world”. The digital Yuan is referred to as the “DC EP”, which stands for “Digital Currency Electronic Payment”.

Today is the second largest economy in the world, and the least is China, from the price of Oil-dependent“, . “There is no doubt that the Dollar today has the upper hand, but the digital Yuan is China’s best Chance to compete in the coming years on a global level with the Dollar is.

the columnist Sergey Baloyan stated. When the digital Yuan is actually made available to the General Public, however, remains to be seen.

Featured Image: Wit Olszweski | Shutterstock