Alipay to Integrate Blockchain into Payment App

CoinTelegraph has revealed that Alipay, the payment application developed by Ant Financial – a subsidiary of Alibaba, is currently planning to implement blockchain technology to benefit customers in the long run.

In China, Alipay is often used to pay wages as well as to make payments in shops and online. It marks the shift in current years to find more efficient ways than traditional banking systems to settle payments. With over 450 million reported users in China, Alipay is a $60 billion financial application.

 

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