Alibaba’s payments arm Ant Group has launched a new blockchain solution, AntChain, for increased trust and transparency in industrial processes.
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Category: Ant Financial
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China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it […]
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Jack Ma’s Ant Financial to Explore Blockchain for International Payments
Jack Ma remains skeptical of Bitcoin and other cryptocurrencies and believes that they could be a bubble. Having taken that stand for quite some time now, Ma still thinks cryptos haven’t proven themselves to be better alternatives to fiat currencies so far. However, he is a blockchain proponent and believes that the time to disrupt […]
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