China's digital currency comes to its biggest messaging app WeChat

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China has been working on the digital yuan since 2014 and is yet to roll it out nationwide.
It is often dubbed a "super app" because many services are wrapped into it.
WeChat Pay allows users to show merchants a barcode on their phone to pay for items in store.
It can also be used for purchases online.
In China, WeChat and Alipay, which is run by Alibaba affiliate Ant Group, dominate mobile payments; last year, Alipay also began trialing digital yuan payments.

Source: https://www.cnbc.com/2022/01/06/chinas-d...-push.html

 

                                                      
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