Amazon may well be getting into the blockchain game, albeit slowly, and not with Bitcoin.
Blockchain remittances Recently, it was reported that Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds.
Speaking in May, at the second World Intelligence Conference in Tianjin, Ma said that blockchain technology is not a bubble, but Bitcoin is.
Chinese mentality It would seem that the narrative of ‘blockchain over Bitcoin’ is becoming louder, especially in China, where the country has banned all it can to do with Bitcoin and cryptocurrencies, yet still managed to make strides in blockchain technology.
People may be polling for Amazon to accept Bitcoin, but really, their eyes are on a much bigger, blockchain prize.
Alibaba subsidiary Ant Financial has trialled its first blockchain remittances, sending a transaction in three seconds, Bloomberg reports June 25. The company, formerly known as AliPay, completed a funds transfer between its AliPayHK app in Hong Kong and Filipino payment app GCash, its joint project with local telecoms company Globe Telecom. Part of a growing
Jack Ma’s Ant Financial (AliPay) has revealed it has successfully trialled a new Blockchain remittance service which it plans to expand throughout the world. Ma: Blockchain Remittances Will Go Global As online news resource cnLedger reported on Twitter June 25 quoting Chinese cryptocurrency news media, the company formerly known as AliPay developed and piloted its “first blockchain-based electronic wallet cross border remittance service” between Hong Kong and the Philippines.
