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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

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Shiba Inu rebounds 40% despite major selling by SHIB whales

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Alipay’s operator Ant International has secured $14 bln in an equity financing round to develop blockchain for its global tech platform.

Alipay’s Parent Company Secures $14 Bln for Blockchain Development

2018-06-08T13:03:00+01:00

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New trading platform in China begins to accept CNY. A new era of Bitcoin in China could be coming.

Crypto Trading Platform Starts Accepting CNY - New Era for Bitcoin in China?

2017-11-08T12:30:00+00:00

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The China Securities Regulatory Commission and the Australian Securities and Investment Commission signed a fintech cooperation agreement to advance innovation ...

Australia and China Sign Agreement for Financial Technology Cooperation

2017-11-08T10:15:00+00:00

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Confirming payment with your face is available now.

Paying With Your Face++

2017-07-08T10:00:00+01:00

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Ripple experienced a sharp decline over the past week, decreasing from around $17 bln to $8 bln. At one point, Ripple’s market cap accounted for nearly 30% of A...

Overvaluation of "Blockchain" Projects: Ripple was 30% of $60 Bln Alipay?

2017-05-28T16:10:00+01:00

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China’s Alibaba and its $60 bln financial arm Alipay are recruiting Blockchain experts to actively look into the potential of Blockchain technology.

Why China's $60 Billion Alipay is Recruiting Blockchain Engineers, Experts

2017-03-02T11:59:00+00:00

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Similar to some regulators like the state of New York, Hawaii has decided to take a difficult and reckless approach in regulating bitcoin users and startups.

If Alipay Were Bitcoin: Why Coinbase Exits Hawaii

2017-03-02T10:25:00+00:00

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While on the global scale fintech is growing rather rapidly, the industry is absolutely booming in Asia, and particularly in China.

Asia’s Fintech Race: Trends, Regulations, Lessons For The West

2017-02-12T15:57:00+00:00

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