AlipayHK: The Blockchain Based Service (cross-border Payment)

in #blockchain • 6 years ago (edited)

Alibaba also known as Alipay has completed its first transaction using blockchain within three seconds. This happened between AlipayHK and Gcash app (Philippines).

alipayhk.jpeg
Image Source: http://ftreporter.com/canada-singapore-cooperate-to-promote-blockchain-cross-border-payments/

They have plan to widen this service worldwide in near future.

The benefits of cross border payment:

  • No middleman or central organization
  • Cost is comparatively low
  • Reduced time to transfer fund
  • It is secured and transparent

Now it is only matter of time when we will be able use this service to transfer money.

Thanks. Always appreciate critics. Comment below.

#life #money #techtm #news
6 years ago in #blockchain by
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     6 years ago 

    That's really cool we have to be innovative!!

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       6 years ago 

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