Crypto News

Tencent forms a team to research digital currency

Tencent, one of China’s biggest Internet providers and the owner of the network to exchange messages QQ and WeChat, forms study group to explore the possibilities of cryptocurrency.

New unit for research on cryptocurrencies is to explore the possibilities of integrating digital currency into the payment platform of the company, issuing its own token and the development of the blockchain industry within the framework of government initiatives. The people’s Bank of China Tencent is already included in the list of possible issuers to issue Renminbi sovereign digital.

Tencent has long been working with blockchain technology. The Internet giant even in 2017 presented a description of a blockchain-based platform for digital asset management. At the moment, the company is also developing a blockchain is a solution for tracking the supply chain of the fast food restaurant McDonald’s.

In October, Tencent announced the opening of a virtual Bank based on blockchain technology, receiving a license SFC Hong Kong. The company recently signed a partnership agreement with the Russian diamond company ALROSA and the blockchain platform Everledger to develop an application that targets not the sale of diamonds to users of WeChat.


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