Tencent has admitted Libra, if successful, could challenge popular Chinese payment systems like WeChat Pay. Photo: SCMPTencent has admitted Libra, if successful, could challenge popular Chinese payment systems like WeChat Pay. Photo: SCMP
Tencent has admitted Libra, if successful, could challenge popular Chinese payment systems like WeChat Pay. Photo: SCMP
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Brave new financial world is beckoning

  • Political and economic competition between the US and China may end up fast-tracking two cybercurrencies guaranteed to have large user bases

Tencent has admitted Libra, if successful, could challenge popular Chinese payment systems like WeChat Pay. Photo: SCMPTencent has admitted Libra, if successful, could challenge popular Chinese payment systems like WeChat Pay. Photo: SCMP
Tencent has admitted Libra, if successful, could challenge popular Chinese payment systems like WeChat Pay. Photo: SCMP
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