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Jack Ma Launches Blockchain Money Remittance to Philippines, Bashes Bitcoin [Again]
Alibaba Group’s affiliate, Ant Financial Services, is on the way to cutting the cost of remitting money to close to zero using blockchain technology. This is according to the online retail giant’s co-founder, Jack Ma, who said this during the launch of a blockchain-based money transfer service between Hong Kong and the Philippines.
The remittance service will be operated by AlipayHK, a Hong Kong-based joint venture of Ant Financial as well as CK Hutchison Holdings, and GCash, a service of the Filipino telecommunication services firm, Globe Telecom Inc. Standard Chartered will be the settlement bank for the service. According to Ma, it has been his long-cherished dream to cut remittance costs.
Check this for more .
https://www.ccn.com/jack-ma-launches-blockchain-money-remittance-to-philippines-bashes-bitcoin-again/