With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum .
McDonald’s and Starbucks are reportedly part of China’s digital currency trial.
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.
McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency.
This is the main reason why China propaganda has become dangerously provocative in America.
China is rolling out a cryptocurrency, a lot of the details have not been divulged.
I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.