WeChat owner Tencent is to invest $70 billion in emerging technologies such as blockchain and cloud computing as it seeks to bounce back from COVID-19 slowdown.
The Singapore-based crypto service will offer the card from September, allowing users to pay for everyday transactions from crypto balances.
Lin Zheming took the stage during last month’s CoinGeek Toronto 2019 conference, explaining what’s going on in China with crypto and where Mempool is headed.
The Chinese social media giant reportedly states that users who continue to transact in cryptocurrencies on the platform will have their user accounts terminated.
Alipay and WeChat Pay have allegedly sent legal letters to Huobi crypto exchange asking that it take their logos down.
The WeChat crackdown on crypto "hype news" channels continues, and this time one of the targets has been identified as Chinese cryptocurrency mining manufacturer Bitmain.
A WeChat official told Lanjinger news outlet that the accounts were suspected of publishing ICO and cryptocurrency information contrary to the set regulations.
Chinese tech giant Tencent is integrating the blockchain to its WeChat app to facilitate expense reimbursement of company employees.
Chinese social media app WeChat has suspended a blockchain-based program Xiao Xieyi less than a day after its launch.