AlipayHK Opens Blockchain Remittance Corridor to the Philippines
The payment affiliate of China's e-commerce giant Alibaba has launched a blockchain-based remittance service between Hong Kong and the Philippines.
The move opens the exchange to peer-to-peer (P2P) crypto transactions from China.
Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.
Separately, U.S. officials are reportedly considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay's parent.
China appears to have achieved the crypto community's dream of a new internet of value, without blockchain. But there's more than meets than eye here.
WeChat Pay and Alipay are scrambling to keep up with regulators after recent announcements regarding initial coin offerings and cryptocurrencies.