While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems.
Alibaba Group is a public Chinese company that specializes in the sphere of e-commerce and also owns the business-to-business web portal Alibaba.com. The company was founded in 1999 by Ma Yun — known professionally as Jack Ma — and currently is headquartered in Hangzhou. Alibaba has several platforms, such as Alibaba pictures for film directing, Alibaba Express (officially AliExpress) — an international trading platform — and AliPay — a platform for online payments. As China has banned the use of cryptocurrency in the country, the company supported such policy and made all payments in Bitcoin invalid. Nevertheless, the founder of service believes in the prospects of blockchain technology for the cloud storage and logistics of the corporation.
Major tech and commerce firms have been instrumental in helping China's central bank develop the digital yuan.7292
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.11454
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China.6503
Ant Group remains the world’s biggest blockchain patentee, while IBM is considered to be the most-cited developer of patents in the industry.4565
The notion of China racing to launch a CBDC that will end U.S. monetary supremacy doesn't hold up if you look at the facts on the ground.10099
Exploring where national security meets securities offerings in this week's crypto news.9816
China's market regulator finalizes rules that have been three months in the making.13039
Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company.3891
A representative for the Jack Ma Foundation confirmed to reporters that the businessman had “participated in the online ceremony of the annual Rural Teacher initiative event on January 20.”8771
The trade war with China homes in on the country's thriving digital payments industry.15466
The current conservative international financial system doesn't suit young people or young economies, says Ma.30175
The platform is just the latest product in the fintech’s long-evolving blockchain solutions.4762
Hint: It's not a blockchain company.19603
But the company with the most patents isn’t even American.8845