Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
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Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.
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The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.
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Jing’an Culture and Tourism Bureau is issuing blockchain-based discount coupons using its WeChat mini-program.
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China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.
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Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance.
21981 - Analysis
Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach.
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It’s designed to capture attention from high-profile people that others want to hear from.
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Alipay is seeking to lure 44 million merchants with mini programs to expand services for the firm’s 900 million users.
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The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto.
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The world’s largest diamond mining firm, Alrosa, has partnered with Tencent, the operator of Chinese social media giant WeChat, on a new blockchain-powered e-commerce project.
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The Weibo accounts of Binance and the Tron Foundation are blocked, while those of Huobi and OKEx are still available.
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WeChat Pay stores payment receipts on the blockchain, says Binance CEO.
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Facebook’s Libra stablecoin would be a serious threat to WeChat Pay, the payment service’s parent company Tencent admitted in a recent blockchain whitepaper.
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Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat.
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