Tencent has completed the MVP phase pilot verification of the multilateral central bank digital currency bridge project.

Breakings ·  Jun 13 17:06
Recently, Tencent has achieved pilot verification of the MVP phase of the multi-central bank digital currency bridge (mBridge, hereinafter referred to as the currency bridge) project based on cross-border business scenarios, helping to further improve the quality and efficiency of cross-border clearing and settlement services. The currency bridge project is committed to creating a cross-border payment solution with high efficiency, low cost, high scalability, and compliance with regulatory requirements with central bank digital currency as its core, by covering different jurisdictions and currencies, exploring the application of distributed ledger technology and central bank digital currency in cross-border payments to achieve faster, lower cost, and more secure cross-border payments and settlements. (All-weather Technology)

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