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China braces itself for CBDC rollout, companies to implement e-CNY payment pilots
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Winter is coming and so are the Beijing Winter Olympics, in just four months. Yet, in spite of the falling temperatures, China is only heating up when it comes to rolling out its CBDC.
Now, more businesses are joining in to spread the digital renminbi and promote its use in diverse ways. However, there are also claims that the Chinese authorities are forcing some American companies to get with the program.
On 20 October, Financial Times reported that the Chinese authorities wanted McDonald’s to widen its Shanghai e-CNY payments pilot to include more of the country – before Beijing 2022. The American fast-food chain did not disclose if it was under pressure, but claimed it would focus on customers’ feedback.
The report also suggested that Visa
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