Tencent Wants to Explore use Cases for Digital Currencies

2019-12-26 22:31

Cryptocurrencies and digital assets are of great interest to numerous companies. In China, Tencent aims to venture deeper into this ecosystem.

It is a remarkable decision for the Chinese internet giant and parent company of WeChat.

Tencent Explores Digital Currencies

Exploring and researching new use cases for cryptocurrencies remains a somewhat controversial approach.

Company employees were notified of this decision via email.

A new cryptocurrency research division is to be created under the company’s overall payment umbrella.

For now, it remains a bit unclear what the future will hold exactly.

Tencent is no stranger to payment innovation, courtesy of its own WeChat Pay solution gaining global traction.

How cryptocurrencies and digital assets fit into that picture, is difficult to predict.

There is also the Chinese government to contend with.

Officials have little love and respect for bitcoin and other cryptocurrencies. 

Without any additional information to go by, speculation will run wild for some time to come.

It seems unlikely that this new research unit will compete with WeChat Pay in any way.

Further expanding upon that ecosystem is one option worth exploring.

It primarily appears that Tencent is addressing the potential threat posed by Facebook’s Libra.

That currency, while not even close to being launched, could certainly help shape the future of payments globally.

Image(s): Shutterstock.com

The post Tencent Wants to Explore use Cases for Digital Currencies appeared first on NullTX.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Digital Rupees (DRS) на Currencies.ru

$ 6.38E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $6.38E-5 - H: $6.38E-5
Капитализация $32.611k Rank 99999
Доступно / Всего 510.803m DRS

digital tencent ecosystem wechat remarkable company internet

digital tencent → Результатов: 25


Фото:

Democratizing the Platform Economy: The Quiet Revolution Through Blockchain

Blockchain – a bursting bubble or disruptive transformation? The Internet has created digital marketplaces that efficiently bring supply and demand together. The success of tech giants such as Google, Apple, Facebook, and Amazon, but also Tencent and Alibaba, can be largely explained by their two-sided digital marketplaces and the resulting platform economy.

2019-8-5 18:32


Chinese Bitcoin Investors And Entrepreneurs Consider Regulations as Highly Important for Market Involvement

Everyone is talking about Facebook’s new crypto project Libra and the influence that it can have on the market. Pony Ma (Ma Huateng), the CEO of the multinational investment holding conglomerate Tencent, said that regulations are important for companies to release their own digital assets such as Facebook did. Changpeng Zhao, the CEO of Binance […]

2019-6-20 00:17


Фото:

Tencent’s WeBank Collaborates with Macao Over Smart City-Focused Blockchain, AI Initiatives

WeBank, the digital bank of China’s Internet giant Tencent, has signed a collaboration agreement with the Macao Science and Technology Development Fund (FDCT), an initiative established by the Macao government, over the development of smart city projects on the areas of infrastructure, public services, government administration, and talent training.

2019-3-2 22:51


Baidu запустил блокчейн для децентрализованных приложений

Крупный китайский поисковик Baidu запустил блокчейн-платформу для разработки децентрализованных приложений. Новая платформа Baidu Blockchain Engine (BBE) позволяет разработчикам создавать блокчейн-приложения, похожие на мобильные приложения и использовать скрытые места хранения и вычислений, раскрывая все возможности блокчейн-технологии.

2019-2-16 17:10


New Tencent Survey Shows Top Economists in China are Torn on Central Bank Digital Currency (CBDCs)

According to a recent survey that was conducted by Tencent’s fintech think tank, top economists in China are divided about Central Bank Digital Currencies (CBDCs) and their effect on the economy. Some of them believe that the effects could be very positive, while others think that they would have a negative influence. According to Jiemian […]

2019-2-4 21:33


Фото:

В рейтинг KPMG лучших китайских финтех-компаний впервые попали блокчейн-стартапы

Глобальная аудиторская компания из “Большой четверки” KPMG опубликовала “Индекс лучших китайских финтех-компаний за 2018 год”. Это уже третья редакция рейтинга KPMG, и его отличительной чертой стало появление в нем наряду с финансовыми фирмами, включая Lufax и Baixin Bank, интернет-компаний, таких как Ant Financial Services Group, Jingdong Digital Technology (ранее JD Finance) и Tencent Financial. Также […]

2018-12-31 14:41