.TencentGlobal has added support for China's digital yuan to its WeChatApp wallet, according to a new report. By JamieCrawleyCD
Chinese technology conglomerate Tencent has added support for the country’s digital yuan to its WeChat Pay wallet.
WeChat users now have the option to pay using China’s central bank digital currency via a new access point in the messaging app’s payment service, the state-runThey must, however, have already verified their identity using the digital yuan wallet app - or “e-CNY” app - developed by China’s central bank that wasThe e-CNY app is currently in its pilot phase as China continues the rollout of its CBDC.
Tencent has said it will explore digital yuan payment experiences in the Olympic Village when it opens Jan. 27, according to China Daily’s report. China is the most advanced among major economies with its CBDC development.
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