China digital currency: McDonalds, Starbucks part of trial program
- China has rolled out a digital currency trial in Xiong'an, an area southwest of Beijing in the Hebei province, according to state-backed media reports.
- McDonald's, Starbucks and Subway are the only three American firms among 19 companies participating in the trial.
- The People's Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched.
