Digital Bytes

Weekending 25thMay 2019

If you want one article, read this

A Chinese Digital Renminbi could potentially replace the US$ in some countries

WeChat, which has over one billion members, is owned by the huge Chinese tech company Tencent. This is the 5thbiggest company in the world, and is helping China to rapidly replace cash and enable Chinese citizens to digitally pay for all their goods and services. Over $50 billions of transactions in 2018 was carried out on WeChat, with WeChat handling over 48 BILLION messages a day!