Tencent's multilateral central bank digital currency bridge project has entered the MVP stage

Recently, Tencent implemented the pilot verification of the Minimized Feasible Product (MVP) phase of the Multilateral Central Bank Digital Currency Bridge (m Bridge) project based on cross-border business scenarios, helping to further improve the service quality and efficiency of cross-border clearing links. The Money Bridge project is committed to building a high-efficiency, low-cost, highly scalable and regulatory-compliant cross-border transfer solution with central bank digital currency as the core. By covering different jurisdictions and currencies, explore the application of distributed ledger technology and central bank digital currency in cross-border transfer to achieve faster, lower cost and more secure cross-border transfer and settlement.