Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology

A Pakistani financial institution has rolled out a cross-border remittance service based on blockchain technology developed by Alibaba affiliate, Alipay. Telenor Microfinance Bank and Malaysian fintech firm Valyou have partnered to offer the service to that will operate between Malaysia and Pakistan. The service is expected to enhance the efficiency and speed of remittances from The post Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology appeared first on CCN

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Ant Financial Raises $14 Billion to Boost Blockchain Development

Alibaba subsidiary Ant Financial just cashed-in on a historic $14 billion Series C funding round, and the Alipay creator says that part of this warchest will be used to boost blockchain development. Ant Financial announced last Friday it has reached a definitive agreement with its investors for its Series C in the total amount of The post Ant Financial Raises $14 Billion to Boost Blockchain Development appeared first on CCN

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