Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, is launching a Blockchain BaaS (Backend-as-a-Service) platform.
Social media platforms in China are banning crypto discussions
Ant Financial, the payments affiliate of Alibaba, is cooperating with Chinese regulators to scrutinize peer-to-peer cryptocurrency trading on its Alipay mobile app.
On Monday 25th June, Alipay and GCash announced the launching of the reportedly first blockchain-powered cross-border remittance service.
The payment subsidiary Ant Financial raises 14 Billion USD in a Series C round funding which will help the firm advance in blockchain and other related technologies.
Roubini sees the future in the centralized institutions like PayPal rather than the decentralized platforms like Bitcoin
Crypto exchange OKEx is said to be operational in China despite Chinese authorities banning all crypto exchanges in the country