Alibaba will use JPMorgan's blockchain technology to optimize international payments on Alibaba.com.



Alibaba will use tokenized deposits, a digital version of USD and EUR, issued and fully guaranteed by the bank. Unlike stablecoins, this is a "digital bank deposit," completely within the traditional financial system but operating on blockchain.

Currently, when a U.S. company sends money to a Chinese supplier, the funds must go through multiple intermediary banks and undergo several currency exchanges, causing delays and incurring fees. With tokenized deposits, digital USD can be transferred directly via blockchain from the buyer to the seller, much faster and cheaper. Alibaba will implement this through JPMD, JPMorgan's blockchain platform for financial institutions, allowing for direct digital money transfers between global banks 24/7.#GateOctTransparencyReportReleased #CoinDeskOctoberGateReportComing #ShowMyAlphaPoints $BTC $ETH
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MrSunday
· 2025-12-19 00:40
I hope this will have a positive impact on crypto. 😀
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