AlipayHK: The Blockchain Based Service (cross-border Payment)

Alibaba also known as Alipay has completed its first transaction using blockchain within three seconds. This happened between AlipayHK and Gcash app (Philippines).

Image Source: http://ftreporter.com/canada-singapore-cooperate-to-promote-blockchain-cross-border-payments/

They have plan to widen this service worldwide in near future.

The benefits of cross border payment:

• No middleman or central organization
• Cost is comparatively low
• Reduced time to transfer fund
• It is secured and transparent

Now it is only matter of time when we will be able use this service to transfer money.

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