China-based social media and payment application WeChat, China’s CBDCIt will integrate the digital yuan into the payment platform.
On a global scale, central bank digital currency ( CDBC ) work continues at full speed. Many countries are working hard to launch their own digital currencies, taking advantage of the speed of adoption of cryptocurrencies. In this context, China, one of the successful countries, took action to further market the digital yuan with its CBDC. Finally, China-based social media giant WeChat, to the platform It will integrate the digital yuan.
WeChat Starts Using Digital Yuan with CBDC Integration
China-based social media platform WeChat, in his country CBDCto support their initiatives, will integrate the use of digital yuan on its platform.
Managed by Tencent Holdings and monthly WeChat with over 1 billion active users will support the digital yuan with payment services, WeChat Pay. This move could benefit the popularity of CBDC initiatives that have been slow so far.
With this CBDC integration brought, WeChat Paycertain issues, such as ordering food from McDonald’s and paying bills. Allows the use of digital yuan.
