Bank AI

<div class="cryptonews">
 <p class="is-style-lead">WeChat operator, Tencent, announced the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of a new <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> yuan smart contract enterprise <a rel="noopener noreferrer nofollow" title="credit" href="https://thebittimes.com/tag/credit.html">credit</a> <a rel="noopener noreferrer nofollow" title="solution" href="https://thebittimes.com/tag/solution.html">solution</a> platform.</p>
 <p>The new platform aims to bring a more convenient and efficient financing service for small and medium-sized enterprises.</p>
 <p>The project will use the digital yuan as the payment tool for companies that utilize the new platform. The new solution will imply the Tencent Blockchain platform technology, a scalable blockchain infrastructure that supports various applications and scenarios.</p>
 <p>The new initiative will combine elements such as the smart contract engine, the digital yuan wallet, and the enterprise credit system.</p>
 <h2 class="wp-block-heading" id="tencent-and-digital-yuan">Tencent and digital yuan</h2>
 <p>Tencent, one of the largest Chinese companies, has shown significant interest in developing and implementing the digital yuan, China’s central bank digital currency (CBDC).</p>
 <p>As the operator of China’s most widely used internet application, WeChat, Tencent has been designated as a critical player in the rollout of the digital yuan.</p>
 <p>In December 2019, Tencent announced its intention to create a digital currency research team to navigate the evolving digital currency and blockchain landscape.</p>
 <p>The company focuses on understanding the intricacies of running services for blockchain-enabled money and assisting the People’s Bank of China (PBoC) with the optimal implementation of the <a rel="noopener noreferrer nofollow" title="digital" href="https://thebittimes.com/tag/digital.html">digital</a> yuan. China’s retail monetary system heavily relies on mobile payment platforms like WeChat Pay and Alipay, which Tencent and Alibaba operate.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tencent-launches-credit-solution-for-digital-yuan-tbt66217.html">https://thebittimes.com/tencent-launches-credit-solution-for-digital-yuan-tbt66217.html</a></p>

Tencent launches credit solution for digital yuan

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