Ant Financial

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China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan

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The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership.” Whether people want to believe it … Read more

Jack Ma’s Ant Financial to Explore Blockchain for International Payments

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Jack Ma remains skeptical of Bitcoin and other cryptocurrencies and believes that they could be a bubble. Having taken that stand for quite some time now, Ma still thinks cryptos haven’t proven themselves to be better alternatives to fiat currencies so far. However, he is a blockchain proponent and believes that the time to disrupt … Read more