Payments News

On The Web

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Companies

Google Cloud Assembles Web3 Team to Leverage Emerging Metaverse

“Google Cloud Platform is putting together a Web3 specialist team to take advantage of cryptocurrency and blockchain technology. The cloud computing services suite says its new Web3 team will focus on building services for developers running blockchain applications. In addition, the team will also provide blockchain services to enterprises and customers looking to leverage the […]
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Companies

Alibaba’s Singles’ Day Sales Top $38 Billion

“The Chinese e-commerce giant said its platforms sold goods worth 268 billion yuan, or $38.4 billion today, easily exceeding last year’s record $30.7 billion haul . Electronics gadgets and fashion items were among the most sold goods in the 11th edition of the Singles’ Day annual event, company executives said in an interview.”
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Companies

Alibaba enters Banking Circle for shapely payments

“Anders la Cour, co-founder and CEO of Banking Circle, says: “Payment providers who join Banking Circle can offer ‘local’ cross-border payments, with low fees, good FX rates and fast transfer times. It’s a cohesive solution – there’s no differentiation between local and cross-border payments. All payments occur quickly, at low cost. Payments are simply payments.””
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Companies

Alibaba Seeks To Eliminate Middlemen In Blockchain Payments Patent

“The patent application – “A System and Method That Adjusts Account Balance on a Blockchain” – was filed with the China State Intellectual Property Office in January of this year and was revealed on Friday. Aimed to tackle the broad concept of adjusting account balances over a blockchain, the company explained how the system could […]
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