China’s digital currency goes into play at McDonalds and StarbucksBTC $7546 (+0.4%) • ETH $188 (+0.1%) • XRP $0.19 -0.7%)
China’s long-touted digital currency will soon start trials at three U.S. restaurant chains in Beijing, the SCMP reported on April 23, 2020. Alongside the franchise giants in the upcoming trials are local gyms, hotels, convenience stores, and a bookstore. As per local filings in Beijing, the Chinese government is finally moving ahead with its grandiose “digital fiat” plans, which has been in the news since 2017. The local franchises of McDonald’s, Starbucks, and Subway in the Xiong’an New Area of Beijing have been selected for the trials, with no explanations for the inclusions of these specific restaurants. While American chains like KFC, Popeye’s, Shake Shack, Burger King, and Pizza Hut exist and have multiple outlets in China, they aren’t included in the list. The country’s national bank, the People’s Bank of China, is in charge of the “digital yuan” project, serving as an extension to China’s cashless economy largely run by local players Alibaba and WeChat. More news ⏬Does Bitcoin’s increasing hash rate correlate to BTC price?
Since its inception in 2009, Bitcoin’s price rise has been controversial across mainstream media. Cardano (ADA) parent IOHK releases Daedalus mainnet wallet
IOHK has announced that Daedalus 1.0.0 mainnet wallet has finally launched and is now available to every user of Cardano (ADA). These 3 key factors are behind the impressive 15% upsurge of Tezos
Tezos (XTZ) is up 28 percent in the past three days, well-outperforming Bitcoin which has increased by 11 percent in the same period. Crypto exchange Coinbase moves to make DeFi safer on heels of multi-million dollar hack
Throughout 2019 and the first part of 2020, the growth of the decentralized finance (DeFi) ecosystem captured investors’ attention, leading to a significant influx of investors into Ethereum while also giving rise to the fast-growing stablecoin sector. $75 million liquidated: Bitcoin’s power move leaves trail of destruction for bears
Bitcoin saw an explosive upside movement earlier today that caught the cryptocurrency’s bears off-guard, leading to over $75 million in positions to be liquidated. What else?💥 Even after 50% crash, Bitcoin is primed to see explosive growth: 5 reasons why 👨🚀 Can the Bitcoin market cap reach $10 trillion? Why an ex-Goldman Sachs exec thinks it’s possible Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. In the Chainflix platform, coins are to be mined during the video-viewing process, and all participants in the system (content creators and activators, storage providers, viewers, operation participants and advertisers) are organically connected in a way to ensure user-oriented operation and fair distribution of blockchain-based and PoA algorithm-mined coins among the participants. Learn more ☁️ Bitcoin Wallet - Bitcoin Wallet is a cloud-based mobile and desktop cryptocurrency storage and exchange app with a focus on security, speed and convenience. Bitcoin Wallet allows you to use any coins, tokens and blockchains without any restrictions and limits. Learn more 💳 Crypto.com - Founded in 2016 on a simple belief: it’s a basic human right for everyone to control their money, data and identity. With over 1 million users on its platform today, Crypto.com provides a powerful alternative to traditional financial services, turning its vision of ”cryptocurrency in every wallet” into reality, one customer at a time. Learn more 📈 AMFEIX - AMFEIX groups investors' funds into a pool that is managed by experienced traders on liquid exchanges. Our team of professional technical traders and analysts execute open market operations on a daily basis and make profits from the volatility. Learn more Want to be seen here? Contact us Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
China’s digital currency goes into play at McDonalds and Starbucks