China Halts Use of QR Codes For Payments

As reported in Business Day live -  China's Central Bank has advised several companies who have either issued or are in the process of issuing QR codes to be used for mobile payments that they must stop.  This is reported to be impacting Tencent Holdings and Alibaba Group Holding.  See the full story here:

In the wake of the ongoing Bitcoin debacle this is no surprise.