Trump Signs Order to Ban Ma’s Alipay, Other Chinese Apps
U.S. President Donald Trump signed an executive order on Tuesday banning the Alipay payment platform and seven other apps with links to the Chinese, saying the apps can access private information from their users. Separately, U.S. officials are considering banning U.S. citizens from investing in Alibaba Group, an affiliate of Alipay’s parent, and Tencent Holdings, […]
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Cryptocurrencies may see a boost between China and the U.S., as the American president Donald Trump has signed an executive order banning financial transactions with eight China-based payment applications. Following the signing of Trump’s new executive order, popular payment apps including Alipay, Wechat Pay, and Tencent’s QQ will be banned in America in 45 days. According to the latest executive order signed by U.S. President Donald Trump, Americans will be prohibited from transacting with eight different Chinese payment applications. Transactions processed with these apps....
The trade war with China homes in on the country's thriving digital payments industry. With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps. The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the White House's earlier efforts to cut off the U.S. market from Chinese-owned apps like TikTok. Yesterday's order repeats earlier concerns of data collection by the Chinese Communist Party:"The continuing activity of the PRC and the CCP to steal or....
Digital wallet solutions are gaining more mainstream traction, and this industry has largely been unregulated for the most part. The Chinese government will require wallet apps to demand real-name registration Come July 1st. Chinese Wallet Apps to Require ID. Hardly anyone will be surprised to find out the Chinese government would like to know what its....
Alipay, the $60 bln financial application developed by Alibaba subsidiary Ant Financial, is planning to implement Blockchain technology for the long-term benefit of its consumers. With over 450 mln users in China alone, Alipay is easily the most popular and largest mobile payment application in the world. The market cap of Alipay is larger than that of PayPal, a global financial network which processes blns of transactions every year. Blockchain going global with Alipay. In the past few years, Alipay has become the substitute for inefficient banking systems and financial services. As....
Several posts on Chinese Bitcoin news sites like Coin News Asia are reporting that online sales giant Alibaba is working on possibly using blockchain tech for their Alipay service. It was first talked about on 8BTC.com on Jan 20th amid speculation as to what uses Alibaba and Alipay might be looking in the technology to do. In a statement at Coin News Asia Jingming Li, President of Alipay U.S. stated while talking about partnering with United could be one of the areas that they will deploy blockchain technology.