April 25, 2024

Tencent to set up digital currency research team

The Chinese Internet giant and owner of the popular WeChat messenger Tencent plans to create a group fordigital currency research to help digital payment projects.

As reported by local publication iFeng, ChineseThe conglomerate issued a message to its employees in which it announced the search for the head of a new cryptocurrency research group. The group will focus on promoting Tencent's projects in the field of digital payments using blockchain.

The new research team may also help Tencent-owned WeBank develop applications for the nation's Blockchain-Based Service Network alliance.

Recently, a Russian diamond mining companyALROSA has announced the launch of a pilot project to track diamonds on the Everledger blockchain in collaboration with technology company Tencent. It is planned that the WeChat Pay payment system will be used to pay for precious stones.

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