Alipay

What new fintech Nomu Pay gets from Wirecard’s assets

Finch Capital, an Amsterdam-based venture firm, has funded the creation of a payments fintech called Nomu Pay that is being sewn together out of a series of domestic businesses of the failed Wirecard. The VC has brought Peter Burridge in to run the new business. Burridge has a long track record in technology, having served as president of a company called Hyperwallet that he sold to PayPal, among other roles. Burridge is meant to run Nomu Pay from Singapore, but he spoke with DigFin from his native New Zealand, where

How Will China’s DCEP Affect WeChat Pay and Alipay?

With the growing interest and adoption of cryptocurrencies, about 80% of central banks worldwide are looking to create their own cryptocurrency. The People’s Bank of China (PBoC) is at the forefront of them all. China’s central bank has been working on its DCEP for about six years now. In 2018, China’s Central Bank former governor Zhou Xiaochua pointed out that it will take nothing less than a decade for its digital yuan to be fully functional. However, several events have propelled this timeline forward. One of which was the proposed

5 Ways: China Is Using Blockchain Technology Against Coronavirus

First Death has been observed from Beijing on the 27th of January 2020. Seven hundred seventy-four people died out of the 8,098 because of this outspread of coronavirus. In this article, you will find a glance of practices to fight against coronavirus, where blockchain comes out with a different application to stand against this outbreak and other coronavirus solutions. We all remember the previous deadly Ebola virus outbreak, which lasted three years from 2013–2016 affected the dominant population of Africa. Coronavirus has affected significant regions of China and some parts

Three currency wars, not one

This short blog post describes three different types of currency wars that seem to be happening at the moment. The phrase “currency wars” is not new – typically is has referred to deliberate devaluation of one’s own currency to increase competitiveness of exports.  If your currency is worth less, then your goods are cheaper to foreigners, so they buy more of them, which is generally good for your country. Yet with increased discussion and relevance of fintech, wallets, central bank digital currencies, Libra, bitcoin, etc, it seems to me that