Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the
Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the
Alipay aims to tackle Coronavirus epidemic with a blockchain based information service platform. The platform enhances the traceability of medical supplies and equipment to fight n-Cov 2019. China turns focus to Bitcoin miners as virus spreads. Alipay launches a blockchain-based information protocol service to assist in tracking supplies that help combat Coronavirus (n-Cov 2019). According
Alipay aims to tackle Coronavirus epidemic with a blockchain based information service platform. The platform enhances the traceability of medical supplies and equipment to fight n-Cov 2019. China turns focus to Bitcoin miners as virus spreads. Alipay launches a blockchain-based information protocol service to assist in tracking supplies that help combat Coronavirus (n-Cov 2019). According
Facebook announces the launch of ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the
Facebook announces the launch of ‘Facebook Pay’ in a bid to finally enter the payments space. Facebook’s crypto project, Libra, seems to have fallen on its knees due to the regulatory resistance. Hence, as its vision of global payments and cryptocurrency are put on hold, the social media giant has initiated USD payments in the
Chinese online payment platform, Alipay has been reported to decline transactions related to bitcoin and any other cryptocurrency. This was made official by the organization when it updated its official Twitter handle with the information. Alipay Declines Bitcoin Transactions According to Alipay’s Twitter post on Thursday, if any transaction relates to either bitcoin or any other
Chinese online payment platform, Alipay has been reported to decline transactions related to bitcoin and any other cryptocurrency. This was made official by the organization when it updated its official Twitter handle with the information. Alipay Declines Bitcoin Transactions According to Alipay’s Twitter post on Thursday, if any transaction relates to either bitcoin or any other
Binance platform is all set to add Alipay and Wechat pay to its fiat gateway. Good News For Chinese Traders The announcement came through a screenshot posted by BitDeer Founder, Haiyi(Celine) Lu in which the Binance Founder, CZ was tagged. Interestingly, the latter responded with a “YES”. The initiative is currently in a testing phase
Binance platform is all set to add Alipay and Wechat pay to its fiat gateway. Good News For Chinese Traders The announcement came through a screenshot posted by BitDeer Founder, Haiyi(Celine) Lu in which the Binance Founder, CZ was tagged. Interestingly, the latter responded with a “YES”. The initiative is currently in a testing phase
Reportedly, the Chinese state-backed cryptocurrency project is due to for launch “in the coming months.” However, in a quick response on to the news on Forbes, a Chinese source confirm otherwise. According to a former employee of Bank of China, and now an independent researcher, Paul Schulte, China will initiate the cryptocurrency plans with seven
Reportedly, the Chinese state-backed cryptocurrency project is due to for launch “in the coming months.” However, in a quick response on to the news on Forbes, a Chinese source confirm otherwise. According to a former employee of Bank of China, and now an independent researcher, Paul Schulte, China will initiate the cryptocurrency plans with seven
China has once again shown pessimism on Bitcoin. This time, according to Globaltimes, bitcoin fell short of recognition amongst the likes of Libra, Alipay and Wechat Pay. China said a few good comments about Libra this week, and according to report, the country has considered it to be very similar to payment systems like their
China has once again shown pessimism on Bitcoin. This time, according to Globaltimes, bitcoin fell short of recognition amongst the likes of Libra, Alipay and Wechat Pay. China said a few good comments about Libra this week, and according to report, the country has considered it to be very similar to payment systems like their
China is one of the leading countries when it comes to online payments. Reportedly, there are more than 580 million mobile payment users in China. Chinese citizens can even use WeChat to send or receive payment on their phones. This is essentially what Facebook is planning to achieve with its cryptocurrency, Libra. Money Market Fund
China is one of the leading countries when it comes to online payments. Reportedly, there are more than 580 million mobile payment users in China. Chinese citizens can even use WeChat to send or receive payment on their phones. This is essentially what Facebook is planning to achieve with its cryptocurrency, Libra. Money Market Fund
The Chinese regulatory crackdown on blockchain and cryptocurrencies hasn’t been able to fade away the interest of key people and companies in the country. One can easily say that as Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerates Ant Financial, was quoted saying in his recent speech that he pays “special
The Chinese regulatory crackdown on blockchain and cryptocurrencies hasn’t been able to fade away the interest of key people and companies in the country. One can easily say that as Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerates Ant Financial, was quoted saying in his recent speech that he pays “special
As the Chinese clampdown of cryptocurrencies has increased over past week, Alipay the largest payment application in China has come forward and has officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. Alipay crumbles under regulatory pressure Ant Financial, a subsidiary of Alibaba, is the parent company
As the Chinese clampdown of cryptocurrencies has increased over past week, Alipay the largest payment application in China has come forward and has officially banned over-the-counter (OTC) Bitcoin trading, prohibiting traders from utilizing Alipay accounts to initiate digital asset trades. Alipay crumbles under regulatory pressure Ant Financial, a subsidiary of Alibaba, is the parent company
The financial arm of Alibaba Group, Ant Financial has officially entered into cross-border remittance market to offer cheaper and faster service. Does this mean Ripple will be facing competition from the industry giant? Alibaba’s affiliate Ant Financial going for faster & cheaper Alibaba’s financial arm, Ant Financial is introducing a blockchain technology based cross-border remittance
The financial arm of Alibaba Group, Ant Financial has officially entered into cross-border remittance market to offer cheaper and faster service. Does this mean Ripple will be facing competition from the industry giant? Alibaba’s affiliate Ant Financial going for faster & cheaper Alibaba’s financial arm, Ant Financial is introducing a blockchain technology based cross-border remittance
