WeChat added support for digital CNY

More than 1 billion users of leading Chinese social network WeChat can now use its function of fast payments in digital national currency to pay for goods and services

Leading Chinese social network WeChat has added support for digital yuan (e-CNY) to its payment services. This was reported by local publication The Paper. The integration of WeChat’s e-CNY fast payment feature should help expand the use of this form of currency promoted by the Chinese authorities.

The WeChat app, created by tech giant Tencent Holdings first as a messenger but has evolved into a full-fledged social network. It has more than 1.2 billion monthly active users. Now they can pay for goods and services in digital Yuan in certain WeChat mini-applications through the WeChat Pay system. In the future, the social network will add more options for using e-CNY.

Right now, there is a limit of 2 thousand yuan ($289) per transaction and a daily limit of 5 thousand yuan ($720).

The digital yuan, also known as e-CNY, is being tested in at least 26 Chinese provinces and cities. There are 5.6 million stores and businesses from the service sector taking part. As of the end of December 2022, e-CNY’s digital national currency payment volume was 13.61 billion yuan ($2 billion).

Our experts note that in December 2022, Alipay, Alibaba’s payment system, announced that it would begin accepting digital CNY. This system processes transactions between sellers and buyers on AliExpress. As well as on Taobao, Shanghai Bus, Youbao platforms and supermarket chains Tmall and Hema.

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Chinese messenger WeChat will block accounts and chats that write about cryptocurrencies – Crypto-Upvotes

One of most popular platforms WeChat in China with more than 1.2 billion users imposes restrictions on content containing information about cryptocurrencies

WeChat, the largest messenger in China, has updated rules of use, forbidding placement of information about services or offers related to cryptocurrency or NFT.

Crypto-Upvotes team experts found out that information about issuing, trading and transactions with cryptocurrencies got under the ban. Also WeChat bans recommendations, links and guides on cryptocurrencies and NFTs. New rules also apply to accounts that provide advertising services for crypto projects in China.

If such information is detected, the platform will notify the user that the rules have been violated. WeChat gives a certain period of time for correction and restricts the functions of the account. If the user does not correct the information posted, the account will be blocked.

Advertising in China is still possible and our crypto marketing agency “Crypto-Upvotes” is working on this issue. Already now we can offer advertising of your project in popular Chinese Media and Weibo influencers. In the near future we will be able to offer billboard advertising in China.

But despite WeChat and other prohibitions in China, cryptocurrencies in China are very popular. Chinese investors take leading role in the world. We do articles in popular Chinese media. To order you need to provide us with text and a picture for your article. Our team will translate the texts into Chinese and prepare them for publication.

Additionally you can order Weibo influencers, we can offer influencers for any marketing budget. To order you need to provide a text and a picture or video, texts in Chinese we make ourselves. Weibo is very popular in China and they haven’t introduced restrictions for cryptocurrencies yet, so you have time to order now.

Crypto marketing agency “Crypto-Upvotes” will help to tell about your project to millions of new investors from China.

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