WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games

WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said.

The move by Tencent comes at a time when the Chinese government plans to test its digital yuan around Olympic venues next month when the Games begin.
From the perspective of Tencent, whose business strategy revolves around WeChat, the move is a strategy to prevent a loss of users from the app.
To use the payment feature on WeChat, a user must download the People’s Bank of China’s e-CNY app and create a digital yuan wallet with WeBank …

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