The highest valued fintech company in the world Ant Financial (former known as AliPay) will publicly test its blockchain platform next month, Mars Finance reports citing Ant Financial Vice President Guofei Jiang.
According to Jiang, the platform is already capable of processing 1 billion transactions per day. At the moment, the platform is used to solve trust problems in over 40 areas, among which there are international payments and financing.
Ant Financial representatives forecast that distributed ledger technology will be a major part of the digital economy infrastructure and will bring significant changes to certain aspects of people's lives.
Earlier iHodl reported that Alibaba, Tencent and Union Pay, an association of Chinese banks, will start accepting the cryptocurrency issued by the central bank of China.
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