Tencent working on a Crypto Coin

[wry]

Well if Libra wasn't enough, Chinese technology giant Tencent is ramping up research efforts for its own crypto currency.  According to the news story linked below, the parent of WeChat (and of course, the ubiquitous WeChat Pay) is conducting an internal search for someone to fill a new position to head up crypto research efforts.

Frankly, I think this is awesome and exciting news!  Wecat Pay (along with Alipay) is already a dominant payment platform in China.  If any crypto were integrated with it, it could make this years earlier excitement around Libra look like nothing.  I was excited before about Square integrating Bitcoin, this would be way, way bigger!

Anyone using Wechat Pay?  See any opportunities for crypto integration?

Link: https://www.coindesk.com/chinese-internet-giant-tencent-to-launch-digital-currency-research-team

[cryptofly]

Those are good news indeed, despite the fact that some how those "new" cryptocoins Libra and Tencent (whatever the name would be) will fight badly against Bitcoin by creating all kind of FUD around the king.  Mass adoption is the "only" thing that cryptoecosystem needs to finish in order to finally create the economy we deserve as individuals.  Let´s keep an eye on those two big companies on their approach to the decentralization.  Thanks for sharing it!

[williamshennie9]

In a world where crypto is becoming the new normal, big corporations must compete to stay in the game. Soon I believe each corporation will have their own unique coin or payment method.