Alipay, a renowned payment platform in China has extended the propagation of the digital yuan through its latest implementation. It has created a “digital RMB” search function that would simplify the process of opening a digital RMB wallet for new users. This new creation also supports o...
Contrary to the widely-held view, a new Bloomberg Intelligence analysis has suggested that the digital yuan (e-yuan) could threaten Chinese banks, Alipay and WeChat Pay greatly. The threat would stem from the People Bank of China's (PBoC) embrace of the option to expand the e-yuan’s...
The non-fungible token (NFT) space in China got a boost on Thursday Sep 16 with the issuance and sale of the torch NFT by the 2022 Asian Games organizers, Global Times has reported. The report says the sporting event's 3D digital torch marks the first NFT collection to be iss...
Portugese football player Cristiano Ronaldo has become the first winner of the Gold Trophy of the Alipay Top Scorer Awards at UEFA EURO 2020. Ronaldo netted five goals and made one assist at the competition receiving the Gold Trophy, while Patrik Schick from the Czech Republi...
One of China’s largest digital payment service providers has entered the NFT game. According to local reports, Alipay, a major payment service provider operated by the Alibaba Group in China, has launched a proprietary NFT sales platform, offering its hundreds of millions of users the ...
According to the latest report from Caixin, there has been a slew of new developments regarding China’s upcoming digital yuan. At the core of these new developments is AliPay, the payments arm of China’s commerce giant Alibaba. Namely, sources within China have found that AliPay has la...
Unlike for other mobile payment services in China, Chinese merchants participating in the digital currency electronic payment (DC/EP) project cannot refuse payments in digital yuan (or e-yuan) when made to them. This is according to an “operational guidance” document reportedly made ava...
China is working towards achieving an indigenous digital currency that is backed and controlled by the state. The Chinese government’s activities so far towards achieving this goal has earned it a leadership role among the several nations that are pursuing similar objectives. As a matter of fac...
With new cases of blockchain use emerging almost every day around the world, we are yet to see how blockchain technology will be changing our daily life. While large corporations have been stepping efforts to build their blockchain IP portfolios. Among them, China’s e-commerce giant Aliba...
Chinese payment giant Alipay has published 5 patents related to CBDC (central bank digital currency) from February 21 to March 17. Alipay, a third-party payment company, will undertake four crucial functions of China’s CBDC. Assuming the function of delivery and transaction bookke...
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