RATE Group | China’s Tencent Is Researching Cryptocurrency
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China’s Tencent Is Researching Cryptocurrency

26 Dec China’s Tencent Is Researching Cryptocurrency

Posted at 19:13h in Cryptocurrency News by

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Chinese technology company Tencent has announced it’s going to start researching cryptocurrency and its implications for an ongoing project in blockchain, according to reports.

Media in China reported that the company told its staff about the news, and that the new research group will be in charge of pushing the company forward in the digital payments ecosphere by using blockchain. Tencent is also currently looking for a leader of the research group.

Tencent, which operates WeChat, one of the largest chat platforms in the world, recently teamed up with huge diamond mining firm ALROSA, as well as blockchain operation Everledger. The purpose is to introduce a brand new program for users that’s geared toward the diamond industry.

Tencent was involved with the development of blockchain-enabled digital billing, with an invoice system for the city of Shenzen.

Also, Tencent’s WeBank has the distinction of being the first infrastructure provider…

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