Central bank digital currencies can have broad implications for the global balance of power, experts say.
Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
The promotion is part of China’s efforts to try out out and stimulate usage of its new digital currency.
China Construction Bank had quietly opened up the wallet service of China’s digital yuan to public users – but has now disabled it shortly after the feature gained wide attention.
The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China’s central bank digital currency.
The Agricultural Bank of China has rolled out an internal test interface for the nation’s central bank digital currency, allowing whitelisted users to register and trialing certain functions.