RATE Group | The director of Huawei believes that China should create a cryptocurrency
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The director of Huawei believes that China should create a cryptocurrency

28 Jul The director of Huawei believes that China should create a cryptocurrency

Posted at 11:54h in Cryptocurrency News by

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28/07/19 05:00 UTC-5

Huawei CEO announced that China should release its own cryptocurrency
Huawei CEO announced that China should release its own cryptocurrency

On July 26, the director of technology company Huawei announced that China should have its own cryptocurrency. According to Ren Zhengfei, the coin should work on principles similar to Libra from Facebook.

 

Huawei and the Chinese cryptocurrency

According to local media reports, Ren Zhengfei said that China should not wait until someone will release a crypto-project like Libra. He believes that China should become the first state to create such a large and powerful crypto-project. Also, the head of Huawei believes that cryptocurrencies that work with the support of large consortia can be a great privilege for the Chinese economy. In this latest cryptocurrency news is not the first time they write about the great interest of Chinese companies in crypto-assets.

Interesting, but such a statement was made in response to the statements of the Libra project manager, David Marcus. At one of…

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