Tag Archives: Alibaba

Pakistan Taps Blockchain Developed by $150B Alipay, But Forbids Bitcoin

The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central banks and large… Read More »

Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech

The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8. Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary of Telenor — and Telenor’s Easypaisa have jointly launched a blockchain-based international remittance service in Pakistan. The service is reportedly… Read More »

Hyperledger Onboards 12 New Members Including Alibaba Cloud, Deutsche Telekom and Citi

Hyperledger has onboarded 12 new members, including such major firms as Alibaba Cloud, Citi, and Deutsche Telekom, according to an announcement published on Dec. 11. Launched in 2016, Hyperledger is an open source project created by the Linux Foundation and created to support the development of blockchain-based distributed ledgers. The new members were announced at the Hyperledger Global… Read More »

Investor: China Has a “Love-Hate” Relationship with Crypto and Blockchain

It’s no secret that China has a long and complicated history with cryptocurrency and blockchain technology, at times showing their love and hopefulness for the latter, while frequently taking actions to prohibit the use of the former.While speaking at East Tech West, Edith Yeung, the head of 500 Startup’s China unit, spoke to CNBC about this complex relationship, detailing the… Read More »

Alibaba Cloud’s Blockchain as a Service Now Available Outside China

Advertisement The cloud computing division of China’s largest online retailer Alibaba has announced the expansion of its Blockchain as a Service offering beyond its domestic market. In a statement, Alibaba Cloud disclosed that the blockchain service will now be available in the United States as well as countries in Europe and South East Asia. “Our customers in China… Read More »

China’s Alibaba Cloud Expands Enterprise Blockchain Offering to Global Markets

Alibaba Cloud, the cloud computing arm of China’s e-commerce giant Alibaba Group, is enhancing its Blockchain-as-a-Service (BaaS) offering outside China, the company announced in a press release on Oct. 24. Following the roll out of its BaaS platform in China, Alibaba Cloud will expand its enterprise-level blockchain service to major international markets including Europe, the U.S., and South… Read More »

Tron Partnering up with Tens of Billions USD Valuation Industry Giant- Justin Sun

Tron (TRX) price rise coming? Justin Sun, Tron CEO has announced that the 11th largest cryptocurrency is partnering up with an industry giant with a valuation of tens of billions of dollars. With “guess the name”, Sun has risen the anticipation with TRX looking to take a hike. TRX price surge incoming? Tron founder and CEO has yet… Read More »

Alibaba’s Jack Ma believes Bitcoin and Blockchain to be key contributors to a Cashless Society

The Chinese regulatory crackdown on blockchain and cryptocurrencies hasn’t been able to fade away the interest of key people and companies in the country. One can easily say that as Jack Ma, the chairman of Alibaba and $150 billion China-based financial conglomerates Ant Financial, was quoted saying in his recent speech that he pays “special attention” to Bitcoin… Read More »