Tencent, China’s technology giant conglomerate has reported that it will allow its users to pay using its instant messaging app WeChat Pay wallet in digital yuan, the central bank’s digital currency (CBDC) of China.
As per China Daily’s report, before the CBDC transaction, users must verify their identity via the digital yuan wallet application e-CNY, developed by Chinese People’s Bank. The check will activate the option to pay and receive digital currency in WeChat.
Beijing, in its CBDC rollout, launched e-CNY earlier this week. While WeChat which is also called a super app due to its integration of wide range of services, has more than a billion users.
Berks County-based company Penn Entertainment has been in limelight for its announcements since it changed its name from Penn National...Read more