Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions
An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform. Per Si...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per Sina Technology, the announcement was made by Li Chen, Chief Compliance Officer of the Ant Group – Alibaba’s fintech arm. Ant operates Alipay and Alibaba’s online banking arms. Li Chen was quoted as telling attendees at a digital trade forum in Zhejiang:...
Read More: Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Reflect Lets Anyone Launch a Solana Stablecoin in Under a Minute With Shared Yield
Key Takeaways: Reflect has released the Create tool, which enables the user to mint stablecoins with a brand on Solana in one go....
SoFi Launches Yield-Bearing Tokenized Bank Deposit With Stablecoin Conversion
TL;DR: SoFi says its new SOFIE tokenized deposit represents money held at SoFi Bank, advertises 4.40% APY subject to terms, and ca...
Chainlink And LG CNS Target South Korean Banks With Digital Asset Infrastructure Deal
TL;DR: Chainlink and LG CNS are partnering on oracle and cross-chain infrastructure aimed at South Korea’s financial institutions;...
Chainlink Expands LG Tech Arm Tie-Up Into Formal Partnership on Korean Stablecoins
Chainlink and LG CNS, the technology arm of South Korea’s LG Group, announced a strategic partnership on Oct. 22, widening a relat...
NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme
Bitcoin Magazine NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme New York Attorney General Letit...
HSBC Launches First Stablecoin, Bringing Hong Kong Dollar Payments to 3.3M Users
HSBC has launched its first stablecoin, a Hong Kong dollar-backed digital currency designed for everyday payments, marking a signi...