China Tech Talk 80: Libra lessons from WeChat and QQ

1 min read

China Tech Talk is an almost weekly discussion of the most important issues in China’s tech. From IPOs to fake data, from the role of WeChat to Apple’s waning influence, hosts John Artman and Matthew Brennan interview experts and discuss the trends shaping China’s tech industry.

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On June 18, Facebook announced the Libra cryptocurrency, a solution to their P2P payments conundrum. As to be expected, this move has gotten a lot of attention. In China, that attention has taken the form of comparing Libra to Tencent’s breakthrough Q Coin as well as how WeChat has integrated payments.

Key questions:

  • What is Q Coin?
  • What’s the difference between a virtual currency and a cryptocurrency?
  • What is the relationship between Libra, Calibra, and Facebook?
  • Will China ever have something like this?

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