Offshoot of Alibaba Tests First Blockchain Remittance to Philippines, Aiming for Global

Offshoot of Alibaba Tests First Blockchain Remittance to Philippines, Aiming for Global

2018-6-25 17:38

Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25.
The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and Filipino payment app GCash, its joint project with local telecoms company Globe Telecom.
Part of a growing trend of Blockchain remittances in the Philippines, Ant Financial will establish international outreach in future, CEO Jack Ma told the press on the back of the project.
“Using blockchain to achieve cross-border remittances is one of my most concerned projects in the past six months.
His perspective echoes those of many major finance figures on Bitcoin (BTC), one which cryptocurrency advocates continue to rebut as prices descend.

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2018-6-23 00:32	News
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State of New York issues 7th BitLicense to Jack Dorsey’s Square

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2018-6-19 14:32	Virtual Currency
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2018-6-19 00:00	#twitter
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2018-6-11 15:52	Zug

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