China Tencent to Establish Crypto Research Team

A local Chinese media outlet has shared that Tencent will be creating a digital currency research team and focusing on the emerging technology of blockchain. The CEO of Sino Global Capital, Matthew Graham explained, “In our view, existing digital payment solutions such as Tencent’s WeChat Pay and AliPay will coexist with DCEP for the foreseeable future. With that said, we’d be somewhat concerned if we were Alibaba or Tencent”

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