logo

Alibaba Teams Up with J.P. Morgan to Develop Tokenized Payment System

By: theblockbeats.news|2025/11/14 19:45:51
0
Share
copy

BlockBeats News, November 14th, Alibaba's cross-border e-commerce platform Alibaba.com announced a partnership with JPMorgan Chase to introduce a tokenized payment system, providing a faster cross-border settlement solution for its global B2B business.

This partnership is seen as one of the first large-scale implementations of bank-endorsed blockchain technology in the international trade field. The collaboration was announced at the CoCreate Europe event held in London.

Alibaba stated that it will leverage JPMorgan Chase's tokenization infrastructure to address long-standing pain points in cross-border B2B payments, such as multiple intermediaries, high exchange costs, and lengthy settlement cycles. Traditional cross-border payments often require multiple bank transfers, while tokenized payments can achieve synchronous cross-jurisdictional fund flows, significantly reducing delays and costs. (Jinse)

-- Price

--

You may also like

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

People often fantasize that wealth comes from catching every new wave. Sometimes this is true. But more often, wealth comes from riding a real wave and not blindly paddling away every time the water splashes around.

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

Polymarket data shows that the current market is betting a 64% probability of an interest rate cut in June this year, with the probability rising to 81% for September.

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

The digital assets that should have been returned to the victims have quietly flowed into government treasuries, strategic reserve funds, and law enforcement agencies' operational budgets.

Why Does Everyone Hate AI?

AI and Silicon Valley's PR Crisis

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX

The beauty of PropAMM on Solana is that the blockchain itself directly "hosts" the liquidity provider algorithm.

What are the chances of a 5X MOONSHOT for HYPE?

Hyperliquid is building a new growth logic

Popular coins

Latest Crypto News

17:42

Data: A certain whale has once again flattened a 40x leveraged BTC short position, with the liquidation price indicating that it is bearish on BTC and does not expect it to rise to $70,600

According to monitoring by Hyperinsight, in the past half hour, during the brief surge of BTC over $70,000, the whale starting with 0xcbd has continued to average down its 40x leveraged BTC short position, further increasing its holdings by approximately 23.3 BTC (about $1.6 million). After this rou...
17:42

Data: Alameda unpledged $17 million SOL and transferred it to the bankruptcy account, still holding $321 million SOL

According to Arkham monitoring, Alameda unstaked $17 million SOL and transferred it to the bankruptcy account. Alameda regularly allocates SOL to creditors each month, and currently, its on-chain account still holds $321 million SOL.
17:42

Analysts: The European Central Bank is expected to raise interest rates as early as next week, facing tough choices regarding oil prices and policies

According to Jinshi reports, KBC Bank analysts stated in a report that the bank expects the European Central Bank to raise interest rates at next week's policy meeting or in April.Analysts pointed out that if there is no unexpected ceasefire this weekend, the European Central Bank will face oil pric...
17:42

Bank of AI continues to promote the ecological implementation, and the on-chain financial infrastructure of AI Agent is gradually improving

As an on-chain financial infrastructure built specifically for AI Agents, Bank of AI is continuously advancing the ecological implementation of its payment, identity, and DeFi functionalities. The system is deeply integrated with the x402 payment protocol and the 8004 on-chain identity standard, and...
17:42

Binance: Last week, two anti-terrorism lawsuits against Binance were dismissed by a U.S. court

Binance officially stated that the federal courts in the Southern District of New York and the Northern District of Alabama dismissed lawsuits filed by hundreds of plaintiffs against Binance and its founder Changpeng Zhao related to anti-terrorism last week, reiterating the legal standards required ...
Read more
Community
iconiconiconiconiconiconicon

Customer Support Bot：@WEEX_support_smart_Bot

VIP Services：support@weex.com