Even if only a fraction of them actually join the Ethereum ecosystem, this is huge.
coinfeeds-bot on
tldr; Ant Group, the Chinese fintech giant behind Alipay, has launched Jovay, a new Layer-2 blockchain built on Ethereum, to integrate real-world assets (RWAs) into decentralized finance at an institutional scale. Jovay aims to provide a compliance-first, scalable solution without a native token, targeting enterprise adoption. With Alipay’s 1.4 billion users, Jovay could significantly expand Ethereum’s role in global finance. The platform achieved up to 22,000 TPS in trials and aims for 100,000 TPS, signaling a shift toward public blockchain infrastructure for institutional finance.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
DryMyBottom on
I remember using that app for my trip in China, and it wasn’t a very smooth experience. Maybe now things are improved, and it’s cool they’ve chosen ETH for something like that!
WrednyGal on
So bullish or bearish?
iLikeYouWorld on
Alipay and WeChatPay is the most used mode of payment in China. Was there few months back and literally you can’t get anything done without them. Its huge!
Next_Statement6145 on
Eth’s price: That’s none of my business
Phalharo on
That sounds like either the most bullish thing ever or it will just pass like nothing happend.
Dipluz on
So crypto is suddenly allowed in China again now?
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Even if only a fraction of them actually join the Ethereum ecosystem, this is huge.
tldr; Ant Group, the Chinese fintech giant behind Alipay, has launched Jovay, a new Layer-2 blockchain built on Ethereum, to integrate real-world assets (RWAs) into decentralized finance at an institutional scale. Jovay aims to provide a compliance-first, scalable solution without a native token, targeting enterprise adoption. With Alipay’s 1.4 billion users, Jovay could significantly expand Ethereum’s role in global finance. The platform achieved up to 22,000 TPS in trials and aims for 100,000 TPS, signaling a shift toward public blockchain infrastructure for institutional finance.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I remember using that app for my trip in China, and it wasn’t a very smooth experience. Maybe now things are improved, and it’s cool they’ve chosen ETH for something like that!
So bullish or bearish?
Alipay and WeChatPay is the most used mode of payment in China. Was there few months back and literally you can’t get anything done without them. Its huge!
Eth’s price: That’s none of my business
That sounds like either the most bullish thing ever or it will just pass like nothing happend.
So crypto is suddenly allowed in China again now?