China Will Be Testing Out A New Digital Currency And They’ll Be Using American Companies Starbucks, McDonald’s And Subway To Help Them Do It

Starbucks, McDonald’s and Subway chains in China were named on the People’s Bank of China’s list of firms that will test the national digital currency in the near future. A digital currency is a generic term that may or may not be a cryptocurrency. Cryptos are decentralized by design, and also used for their privacy — something that is anathema to the Chinese government. This particular currency, once referred to as a digital yuan, will also be given a test at Chinese hotels, convenience stores, a bakery, a bookstore and a gym in the Xiong’an New Area, a city being built south of Beijing.
NOW THE END BEGINS SHARE:

China, the country that banned initial coin offerings and made it tough for Bitcoin to operate has been tossing around the idea to build its own digital currency, and U.S. fast food giants Starbucks, McDonald’s and Subway are willing to help roll it out, the South China Morning Post reported today.

Last week we told you how Microsoft Technologies, Inc., had filed patent #060606 on a human implantable cryptocurrency system using body activity data, something amazingly similar to the Mark of the Beast sans the Beast. The dust on that story has barely had time to settle when today’s story hit our end times radar about how China is rolling out a new digital currency, and will be using Starbucks, McDonald’s and Subway to test it. Seems to me it is just as much a test for the American companies to see how they like it as it will be for the Chinese Communist government.

“And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Revelation 13:16,17 (KJB)

Don’t think of the whole COVID-19 hysteria as a pandemic, or crisis, or anything else, think of it as what it actually is – a global reset. During this time, the world we left barely a month ago is gone, and it’s not ever coming back. In its place will be a virtual everything, including digital currency that will replace nasty old paper and coins that trap and catch deadly germs. To paraphrase Ross Perot, that giant ‘sucking sound‘ you hear is the entire world being pulled into events that will start with the Pretribulation Rapture of the Church, and end with King Jesus and us returning on white horses to pick up the Jewish remnant at Selah Petra at the Battle of Armageddon. What’s in between those bookends of prophecy, the time of Jacob’s trouble, is where this old unsaved world is now headed. Sooner rather than later.

China’s Digital Currency To Be Given A Test Drive By U.S. Companies Like Starbucks

FROM FORBES: Starbucks, McDonald’s and Subway chains in China were named on the People’s Bank of China’s list of firms that will test the national digital currency in the near future.

A digital currency is a generic term that may or may not be a cryptocurrency. Cryptos are decentralized by design, and also used for their privacy — something that is anathema to the Chinese government. This particular currency, once referred to as a digital yuan, will also be given a test at Chinese hotels, convenience stores, a bakery, a bookstore and a gym in the Xiong’an New Area, a city being built south of Beijing. No date for the release has been set.

China has been talking about this for at least a year now and it is unclear how those three U.S. brands were chosen, but it was a local decision to include those local franchises. This is not for McDonald’s nationwide in the mainland. The PBoC said last August that their digital yuan was ready to be ruled out. China consumers are accustomed to using digital payments. Tech giant Alibaba BABA’s AliPay (owned by Alibaba’s Ant Financial) is more ubiquitous in China than Visa and Mastercard. QR code transactions are common place in China.

On April 20, the WSJ reported that the digital currency rollout would happen outside of the Xiong’an New Area, and also be test driven in Shenzhen and Chengdu.

China’s estimated 890 million unique mobile payment users made transactions totaling around $20 trillion in 2019. The number of people making mobile merchant payments is expected rise from around 577 million last year to an estimated 700 million in 2022.

China’s government move into digital payments would potentially be a competitor to AliPay, which is privately owned, though for now the government does not seem to have any plans to roll out a payments platform or a blockchain for those transactions.

Worth noting, over the last 20 years, from the onset of China’s entrance into the World Trade Organization, the country went from a poor, cash-based society, to a highly innovative economy with a global, urban middle class in some key cities that are all plugged into the internet. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

nteb-gospel-tracts-street-preaching-end-time-last-days-bible-prophecy-dl-moody

CLICK IMAGE TO ORDER YOUR BOX OF NTEB GOSPEL TRACTS

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 14,444+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 149,000 followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,300 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB


 

 

 

Now The End Begins is run by end times author and editor-in-chief Geoffrey Grider, and located in Saint Augustine, Florida. NTEB delivers aggregate breaking news of the day from a biblical perspective, as well as providing rightly divided and dispensationally correct teaching and preaching from the King James Holy Bible. NTEB has been in continuous operation since being called into service for the Lord Jesus Christ in 2009. We are the front lines of the end times.
SUBSCRIBE NOW

Join Our FREE Subscription Service!

End times Bible prophecy news happens fast, add your email now to get our latest articles sent to your inbox in real-time.

Join 15,271 other subscribers

Support Now The End Begins

We have many ways that you can financially support this end times ministry. You can send us a donation here through PayPal, or you can use the GoFundMe icon right below. You can also purchase NTEB Gospel Tracts that you see above this box.

We need and appreciate your support, thank you!