Experts had raised concerns about making the digital token an official currency and the rapid execution of new technology on a national scale.
Tag: Mobile Commerce and Payments
China Called Finance Apps the Best Thing Since the Compass. No Longer.
Beijing’s tech crackdown could imperil the innovation that brought modern finance to underserved people — but also led to concerns about reckless lending and borrowing.
A Global Tipping Point for Reining In Tech Has Arrived
Never before have so many countries, including China, moved with such vigor at the same time to limit the power of a single industry.
China Charges Ahead With a National Digital Currency
The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown digital currency.
‘It’s So Essential’: WeChat Ban Makes U.S.-China Standoff Personal
When downloads of the Chinese-owned messaging service are barred in the U.S. starting at midnight on Sunday, the feud between the countries will hit home for millions of people.
Explaining Trump’s Potential Ban on TikTok, WeChat: Q&A
The Commerce Department announced that it was prohibiting downloads of WeChat and TikTok in U.S. app stores. Here’s what you need to know.
Wirecard, a Payments Firm, Is Rocked by a Report of a Missing $2 Billion
The German company’s share price has plunged 80 percent, and its longtime chief executive has resigned.
Tech We’re Using: How an App Creates ‘Disturbingly Agile Millennial Thumbs’
Isabella Kwai, a reporter in Australia, rarely takes notes on paper anymore and instead uses her iPhone. She can still look sources in the eye while typing.
Tech We’re Using: To Cover China, There’s No Substitute for WeChat
Li Yuan conducts much of her work on the WeChat mobile app, including spotting trends — and prodding sources to get back to her.