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This was a remarkably detailed and honestly confusing post from Tencent, until I noticed the Chase logo at the top, and it was not by Tencent. (The WeChat team

This was a remarkably detailed and honestly confusing post from Tencent, until I noticed the Chase logo at the top, and it was not by Tencent. (The WeChat team in Tencent there is very small, close, integrated). Pretty major name clash here, WeChat pay aka WePay, perhaps WeChat Pay, and well, another WePay. For those not familiar, WeChat, somewhat a WhatsApp+/Facebood Messenger of China, probably earlier mover however riding from QQ, transact billions of yuan in payments every day and together with AliPay is promoting a cashless society (which I think is wrong, I like cash).

haecceity 7y ago
Why do you think cash is preferable to electronic payment? I personally hate carrying change.
- easytiger 7y ago
  One big benefit is decentralisation.
  - Assadi 7y ago
    Decentralized centralized-currency?
    - easytiger 7y ago
      As in as happened many times, when the card provider goes down it still works.
- vijaybritto 7y ago
  Cash gives you some privacy. E-payments facilitate tracking all the time. Maybe thats why he thinks so
- fasthandle 7y ago
  Cash is faster. It is anonymous. It is private. It feels good. It does not depend on an internet connection which is really important for low-probability high-impact events. It does not depend on 3rd parties.
j-tyler 7y ago
WePay predates WeChat by three years. https://en.wikipedia.org/wiki/WePay https://en.wikipedia.org/wiki/WePay https://en.wikipedia.org/wiki/WeChat https://en.wikipedia.org/wiki/WeChat