News Snapshot:
American fast-food restaurant chain McDonald’s is reportedly being pressured by China to expand the trial program of its digital yuan central bank digital currency (CBDC). According to a Financial Times report, digital yuan wallets are already being trialed as a payment option in over 250 McDonald’s stores in Shanghai. However, sources familiar with the matter told the publication that Chinese authorities want the fast-food behemoth to roll out the payment system more broadly so that payments with the CBDC can be possible at all locations across the country. Besides McDonald’s, other American companies like Visa and Nike are also being...
