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Digital yuan given green light by Chinese tech giant

January 8, 2022
Source: z-news.link z-news.link
News Snapshot:
Chinese technology conglomerate Tencent has reportedly added support for digital yuan to its WeChat Pay wallet, granting users the option to pay using China’s central bank digital currency (CBDC). To use the CBDC in transactions, WeChat users need to have already verified their identity via the e-CNY app, the digital yuan wallet application developed by the People’s Bank of China, China Daily reported on Thursday. Once activated, the option will allow users to pay with and receive the currency in WeChat. The pilot version of the e-CNY app was launched earlier this week, as Beijing continues the rollout of its...
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Tags: Alipay | Ant Group | app | bank | Bank of China | Beijing | capital | China | China Daily | Chinese | crypto | currency | digital | E-CNY | expansion | fintech | Olympics | online payment | Renminbi | social media | sports | technology | Tencent | WeChat | Yuan

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