subsidiary Ant Financial has trialled its first remittances, sending a transaction in three seconds, Bloomberg June 25.
The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and 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 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. Starting from Hong Kong, this service (AlipayHK) will be brought to the rest of the world in the future,” online cryptocurrency resource cnLedger quoted him as saying. The quote continues:
“Blockchain should not be a tech to get rich overnight…There are still 1.7 billion people in the world who have no bank accounts, but most of them have mobile phones. The impact of blockchain on the future of humans may be far beyond our imagination.”
Under the witness of Jack Ma, Ant Financial announced the launch of their first blockchain-based electronic wallet cross border remittance service, and completed the first remittance (AlipayHK in HK <-> GCash in Philippines ) within 3 seconds
Source (CN):— cnLedger [Not giving away ETH] (@cnLedger)
Ma had signalled increasing involvement of AliPay in blockchain for several years, AliPay parent company Ant International for blockchain development earlier this month.
The tycoon conversely remains bearish on , which he in May as a “”.
His perspective those of many major finance figures on (BTC), one which cryptocurrency advocates as prices descend.
Published at Mon, 25 Jun 2018 11:24:00 +0000
Blockchain
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