Tencent to Lead Drafting of International Blockchain-Based Invoice Standards
The internet giant, which has been working on blockchain-based invoices for some time, will lead the development of new standards.
Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies.
PBOC wants to distinguish its own digital currency from rival private initiatives.
The web giant is earmarking funding for emerging technologies as it seeks to grow after the COVID-19 epidemic.
WeBank has become the first technical infrastructure provider for China’s blockchain network.
Tencent received the green light from the Hong Kong Securities and Futures Commission to build a blockchain-based virtual bank.