Tencent to set up digital currency research group

Chinese Internet giant and owner of the popular wechat messenger Tencent plans to create a digital currency research group to help projects in the field of digital payments.

According to local newspaper iFeng, the Chinese conglomerate issued an appeal to its employees, in which it announced the search for the head of a new group for research on cryptocurrencies. The group will focus on promoting Tencent’s digital payments projects using blockchain.

Perhaps the new research team will also help Tencent-owned WeBank develop applications for the national blockchain-Based Service Network Alliance.

Recently, the Russian diamond mining company ALROSA announced the launch of a pilot project to track diamonds on the Everledger blockchain in cooperation with the technology company Tencent. It is planned that The wechat Pay payment system will be used to pay for precious stones.