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Ant Financial Turns To Standard Chartered For Blockchain Payments

“Like many others, Ant Financial is looking to grab a share of the financial inclusion market. The remittance service will be first available in Hong Kong and the Philippines. This will be the “first blockchain-based cross-digital wallet remittance service” and is offered through AlipayHK in Hong Kong and GCash in the Philippines…As core partner bank, Standard Chartered will act as the settlement bank for AlipayHK and GCash. The bank says it will provide instant foreign exchange rates and liquidity to enable real-time fund transfers between the two licensed wallet service providers.”