News
China’s Ant Group is prepping for the largest IPO in history.
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Alipay News
Alipay is one of the largest global payment systems that belongs to the Alibaba Group. Alipay was founded in 2004. The payment system is used not only for processing payment for Alibaba Group goods, but over 460,000 other companies use Alipay as well. In 2015, the company announced the initial public offering of Alipay stocks, which will be available only for Chinese citizens. In 2017, the company announced the launching of Alipay in the U.S. In 2018, Alipay started to conduct experiments using blockchain technologies to provide payment processing. The first experimental blockchain-based payment was processed between Hong Kong and the Philippines. The transaction took just three seconds, so the company is currently planning to use the technology on a global scale.
- News
China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector.
10412 - News
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance.
21730 - Analysis
Crypto pundits believe that central bank digital currencies based on public-private partnerships could see the light of day much sooner, as many solutions under development use the approach.
7250 - News
Ant Financial launched a new consortium blockchain platform for SMEs and developers.
2564 - News
Chinese payments platform Alipay has revealed more details of its role in China’s upcoming CBDC ecosystem through a series of patents released over the past month.
4843 - News
Alipay is seeking to lure 44 million merchants with mini programs to expand services for the firm’s 900 million users.
3671 - Interview
Blockchain education firm Odem has offered free access to its platform to schools and universities facing disruptions as a result of the coronavirus.
2925 - News
The new Coronavirus outbreak has pushed Chinese officials to track individual citizens by their medicine purchases, which presents major ramifications for crypto.
5909 - News
Insurance firms in China use blockchain to manage coronavirus-related claims amid the outbreak.
9708 - News
The Weibo accounts of Binance and the Tron Foundation are blocked, while those of Huobi and OKEx are still available.
4081 - Follow up
Alipay denies providing support for Bitcoin trading amid reports of Binance accepting fiat deposits via popular payment channels.
4648 - Hodler’s Digest
The SEC halts Telegram’s $1.7 billion token offering in a massive setback for TON, and Mark Zuckerberg is going to testify in front of Congress.
5920 - News
Alipay, a digital payment arm of Chinese e-commerce giant Alibaba, declares that it will be banning any transactions related to Bitcoin or other cryptocurrencies.
12278 - Analysis
In the wake of CCN’s Google saga, CT looks at which centralized companies have been hostile to crypto firms in the past.
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