November 12, 2019 by Océane
Tencent, technology company chinese known for its popular applications such as Wechat, has recently received a licence from authorities in Hong Kong to develop his project of a ” virtual bank “.
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A virtual bank in Hong Kong
Although the concept of the “virtual bank” suffers from a lack of technical definition , many of the projects of modern day investors are based on this sector. Recently, Tencent, a giant chinese technology has announced the launch of its project of virtual banking in Hong Kong after obtaining his license from the local authorities.
Following the explanations of its commercial director, Weige Cai, it would be a platform solution for financial services based on a digital network. In this perspective, one might expect that the future bank carries out transactions in crypto-currencies, especially as the Securities and Futures Commission (SFC) of Hong Kong has issued new regulations on the licensing of crypto-exchanges.
Tencent is exploring new technologies
After sitting its reputation through digital applications trend as Wechat and games that are internationally known as PUBG, the firm of Shenzhen is now looking towards new horizons by building on the new technology of the Blockchain and crypto-currencies.
In addition, the company has been dealing with for several years on the development of its own platform Blockchain while its solutions are already offered to businesses and public services such as the tax administration and, more specifically, the offices of tax to facilitate the collection of taxes and the registration of the invoices.
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