It’s not just Congress—China’s tech giants are scared of Facebook’s Libra too
MIT Technology Review -

If Facebook’s digital currency ever gets off the ground, it will threaten the business of China’s massively popular digital payment platforms Alipay and WeChat Pay, according to Tencent, one of the country’s largest tech companies.The news: According to a report by CoinDesk, Tencent, the company behind WeChat, published a Chinese-language report this week that included this tidbit: “Any internet company that has a relatively mature digital payment system, such as WeChat Pay and Alipay, would be...

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