THELOGICALINDIAN - Jack Mas Ant Financial Alipay has appear it has auspiciously trialed a new Blockchain remittance account which it affairs to aggrandize throughout the world
As online account ability cnLedger appear on Twitter June 25 commendation Chinese cryptocurrency account media, the aggregation aforetime accepted as Alipay developed and piloted its “first blockchain-based cyberbanking wallet cross-border remittance service” amid Hong Kong and the Philippines.
The recipients were AlipayHK and GCash, a Filipino acquittal app which afresh became accordant with Alipay.
“Using blockchain to accomplish cross-border remittances is one of my best anxious projects in the accomplished six months. Starting from Hong Kong, this account (AlipayHK) will be brought to the blow of the apple in the future,” cnLedger quotes Ma as adage about the project.
The move signals a ample bondage to Blockchain from self-described lifestyle platform Alipay, and comes as Filipino remittances anatomy the focus for an accretion cardinal of remittance solutions application the technology.
The Philippines’ cyberbanking area has additionally developed Blockchain solutions for the industry through 2018, aftermost anniversary launching a pilot calm with IBM for remittances to Japan.
For Ma, however, the appulse of Blockchain goes far above his trial.
He continued:
Despite hinting at his absorption in Blockchain for several years, Ma has nonetheless appear out critical of cryptocurrency, aftermost ages cogent the World Intelligence Congress in Tianjin that “blockchain is not a bubble, but Bitcoin is a bubble.”
“At atomic central Alibaba, blockchain charge be a band-aid that addresses the aloofness and aegis issues in the agenda era,” he added.
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Images address of Shutterstock, Twitter
