alipay

According to Caixin, starting from January 1, the balance of digital RMB wallets will begin to accrue interest. It is reported that its smart contracts are different from the "on-chain" smart contracts known for being built on blockchain due to Ethereum. Senior digital RMB experts point out that digital RMB is not built on blockchain, but rather based on a newly designed account system, where the central bank and commercial banks jointly maintain "the same ledger." By loading "smart contracts that do not affect the monetary function," digital RMB achieves programmability, supporting features such as targeted payments and automatic execution.In addition, Caixin also disclosed that only real-name authenticated digital RMB wallets can accrue interest, meaning that Type I, II, and III wallets can earn interest, while Type IV non-real-name wallets do not earn interest (as the ownership of Type IV wallets cannot be confirmed). After January 1, mobile banking apps from participating operating banks, as well as payment platforms like WeChat and Alipay, will gradually gain the authority to open digital RMB wallets.

"# The Differences Between Digital Renminbi and WeChat/Alipay" topped Baidu's trending search list.According to Baidu's trending search analysis, starting from January 1st, the balance in the digital renminbi wallet will earn interest like a demand deposit. The interpretation of the differences between digital renminbi and WeChat/Alipay is: digital renminbi is money, equivalent to directly paying merchants with a form of electronic cash; WeChat and Alipay are wallets, where money is taken from the wallet to pay merchants.

ChainCatcher news, according to Caixin reports, Lu Lei, the deputy governor of the People's Bank of China, revealed at the 14th China Payment and Clearing Forum that significant progress has been made in the interconnection of cross-border QR code payments. Alipay, a subsidiary of Ant Group, and Ant International have become the first institutions to participate in the pilot of the cross-border QR code unified gateway service.Lu Lei emphasized that the systemic risk threats in the current payment industry are increasing. The scale and frequency of cross-border capital flows are expanding, which also provides opportunities for risks such as cross-border money laundering and terrorist financing. Some illegal overseas platforms are transferring funds through channels such as virtual currencies and underground banks, creating a "resonance" of risks both domestically and internationally, posing challenges to China's foreign exchange management and financial security.

ChainCatcher news, Roam announces multiple feature updates, covering reverse burning, eSIM payment, and lock-up rules. The details are as follows:The reverse burning mechanism has been adjusted, and the conversion rate of $ROAM tokens and points will be calculated based on the average conversion rate of the most recent 50 cycles, replacing the previous single-cycle conversion rate to ensure the long-term interests of the community.The eSIM service has added Alipay as a payment option, simplifying the purchase process for Global/Premium packages.The lock-up incentive rules have been updated, allowing users to lock $ROAM tokens to receive global traffic rewards, such as locking 1000 tokens for 28 days to receive 5GB, locking 2000 tokens for 12GB, and locking up to 4000 tokens to enjoy 30GB.Meanwhile, Roam has recently launched PancakeSwap Solana DEX, where users can enjoy up to 84% in fee sharing and $CAKE rewards by providing liquidity.

ChainCatcher news, Alipay officially refuted on X that "Alipay supports the purchase of cryptocurrencies" is false information.Previous news, according to community users, some users in mainland China recently received promotional ads for cryptocurrency funds on the Alipay homepage, stating "Global investment, cryptocurrency soaring, start investing from 10 yuan, get on board now." After verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), which is a compliant investment model for overseas assets, indirectly holding Coinbase stocks and ARK Invest Bitcoin spot ETF. Currently, each person is limited to purchasing 1,000 yuan per day.

ChainCatcher news, according to community users, some users in mainland China have recently received advertisements for cryptocurrency fund promotions on the Alipay homepage, stating "Global investment, cryptocurrency soaring, start investing from 10 yuan, get on board now." Upon verification, the fund is Huabao Overseas Technology C (QDII-FOF-LOF), which is a compliant investment model for overseas assets, indirectly holding Coinbase stocks and ARK Invest Bitcoin spot ETF. Currently, each person is limited to purchasing 1000 yuan per day.

ChainCatcher news, MUA DAO announced a collaboration with Alibaba Cloud and Avalanche to launch the second phase of Alipay+ D-store and a Web3 crypto coupon campaign in Singapore, the Philippines, and Malaysia. Users can obtain the adorable MUA WAWA NFT as their own support for Web3 vouchers through games in the Alipay+ partner e-wallet and use it to purchase milk tea at a discounted price. Specifically, MUA is an AI + human modular universal asset protocol. Through the MUA7648 protocol initiated by MUA, it is accelerating the modularization of AI Agent assets, supporting infinite issuance and royalty recursion of asset splitting and combination, achieving value intercommunication between humans and AI Agents, and maximizing economic prosperity.

ChainCatcher news, Avalanche announced that Alipay has ordered the "Alipay+ D-store" solution and its partner e-wallet.It is reported that the Web3 coupons being used in this collaboration are supported by the Avalanche subnet and MUADAO, aiming to allow brands like Alipay to experience solutions powered by Web3 technology. The initiative is a two-step proof of concept (POC).The interactive mini-games and innovative NFT assets in the project are designed, developed, and supported for issuance by MUA DAO, which is an invested company of Avalanche. Users who participate in the mini-games and obtain MUA NFTs can showcase them on major metaverse platforms such as Decentraland, Molecule, and other platforms supporting MUAverse.Last year, MUA DAO also created an immersive metaverse experience for the Hong Kong government's Fintech Week, as part of its broader Cloudverse collaboration plan with AlibabaCloud. In the next phase, the three parties will focus on expanding Web2 merchants, targeting to cover over 100 million users in Southeast Asia.

ChainCatcher news, according to the Bangkok Post, South Korea's digital bank KakaoBank has partnered with Thailand's fintech group, SCB X, a subsidiary of Siam Commercial Bank, to form a consortium to apply for a virtual banking license from the Bank of Thailand. SCB X plans to hold the majority of the shares, with KakaoBank holding at least 20%. The consortium aims to attract more partners to join the alliance.In addition, Sittipong Kittiprapapong, General Manager of Global Merchant Cooperation at Ant Group Thailand, stated that Alipay+ will collaborate with 10 overseas mobile wallets and plans to apply for a license from the Bank of Thailand. These 10 digital wallet providers are from Asia and Europe. (source link)

ChainCatcher news, at the first Global Digital Trade Expo's Zhijiang Digital Trade Forum, Ant Group's Chief Compliance Officer Li Chen revealed that Alipay has joined the digital renminbi acceptance network and is the first payment platform to support the digital renminbi wallet quick payment feature. "Starting today, Alipay will gradually open the digital renminbi payment function to Taobao users." (Cailian Press)