Academician of the Chinese Academy of Engineering, He Hezhen: Alipay and WeChat payment can be regarded as digital currency

Academician of the Chinese Academy of Engineering, He Hezhen, said at the 6th World Internet Conference today that Alipay and WeChat payment are equivalent to a central bank debt transaction after being deposited with the central bank with 100% of the reserve fund, which can be regarded as a digital currency.