tokenizedfiat
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📰 Alibaba to Use JPMorgan’s Blockchain for Cross-Border Payments
Alibaba.com will adopt JPMorgan’s blockchain to enable tokenized USD and EUR payments, aiming to cut costs and speed up B2B cross-border transactions. The tokens used are bank-issued deposits — not private stablecoins — offering higher regulatory clarity and reliability. Alibaba says it’s open to stablecoins later but will start with regulated bank-backed tokens first.
$BTC
#Alibaba #JPMorgan #Blockchain #TokenizedFiat
Alibaba.com will adopt JPMorgan’s blockchain to enable tokenized USD and EUR payments, aiming to cut costs and speed up B2B cross-border transactions. The tokens used are bank-issued deposits — not private stablecoins — offering higher regulatory clarity and reliability. Alibaba says it’s open to stablecoins later but will start with regulated bank-backed tokens first.
$BTC
#Alibaba #JPMorgan #Blockchain #TokenizedFiat
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