Ant Financial revealed this week that it was able to complete a transaction within three seconds from its app to Globe Telecom’s GCash in its blockchain remittances trials which the company says is its first for the Philippines and the world.

Formerly known as AliPay, the Alibaba offshoot says it is looking to expand its global reach, armed with its blockchain technology. While Alibaba CEO Jack Ma remains bearish on cryptocurrency, he nevertheless said that his company has increased its involvement in blockchain tech for several years now, with Ant International securing funding for its blockchain projects to the tune of $14 billion.       

 

Source: Coin Telegraph

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