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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.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

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One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

China’s anti-crypto onslaught continues, as a prohibition against commercial venues from hosting crypto-related events has been extended to Guangzhou Developmen...

China Extends Crypto-Related Promotion Ban Beyond the Capital

2018-08-29T17:21:00+01:00

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Local Chinese government officials have opted to use blockchain to help ensure Wuchang rice authenticity.

China: Alibaba’s Alipay Reveals Government Partnership to Track Rice With Blockchain

2018-08-28T16:27:00+01:00

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In the past two months, the government of China has allocated the majority of its resources to strengthening its ban on cryptocurrency trading and the ICO marke...

Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why

2018-08-25T21:23:00+01:00

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Chinese mobile payment app Alipay is toughening its stance towards users who use their Alipay accounts for over-the-counter Bitcoin trading.

China's Payments Giant AliPay Takes Measures Against OTC Crypto Trading via Its Platform

2018-08-24T16:34:00+01:00

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Nouriel Roubini argues that blockchain can not compete with traditional payment systems, triggering a discussion on BTC decentralization.

BlockShow Panelists Argue About Bitcoin’s Decentralization, Blockchain Pros and Cons

2018-08-22T02:23:00+01:00

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JPMorgan’s Jamie Dimon shies away from speaking about crypto, calling new forms of payment the biggest competitive threat.

Jamie Dimon Says JPMorgan Will Use Blockchain ‘for a Whole Lot of Things’

Maxwell William

2018-08-05T16:04:00+01:00

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Alibaba has shown enough interest in blockchain and cryptocurrency but is still keeping its hands directly clean.

Alibaba’s Cryptic Relationship With Bitcoin and Blockchain

2018-06-27T10:14:00+01:00

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Alibaba’s Ant Financial trials blockchain remittances, CEO Jack Ma confirming he intends to take the option global.

Alibaba Offshoot Trials First Blockchain Remittance to Philippines, Plans Global Expansion

2018-06-25T12:24:00+01:00

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