Tencent's multilateral central bank digital currency bridge project enters MVP stage

Tencent has recently completed a pilot verification of the minimum viable product (MVP) phase of the multilateral central bank digital currency bridge (m Bridge, hereinafter referred to as the currency bridge) project based on cross-border business scenarios, helping to further improve the quality and efficiency of cross-border clearing chain services. The currency bridge project is committed to creating a cross-border payment solution with high efficiency, low cost, high scalability, and compliance with regulatory requirements, with central bank digital currency as the core. By covering different jurisdictions and currencies, it explores the application of distributed ledger technology and central bank digital currency in cross-border payments, achieving faster, lower-cost, and more secure cross-border payments and settlements.