X @Wu Blockchain

Blockchain & Tokenization Technology - Alibaba's International Station is optimizing cross-border payments using blockchain tokenization technology, focusing on the technology itself rather than starting with stablecoins [1] - The tokenization technology supports 24/7 transactions for buyers and sellers, shortening the payment cycle and reducing payment fees [1] - Currently, the objects of tokenization include euros and US dollars [1] Payment Efficiency & Network - Tokenization technology, blockchain, and Alibaba's payment network enable real-time fund transfers to locations like Hong Kong and Singapore before remittance to China, improving payment efficiency [1] - This process eliminates the need to go through multiple banks for European and American buyers paying in euros or US dollars [1] Partnerships & Future Plans - Alibaba is cooperating with JP Morgan Chase, leveraging its system to ensure real-time payments and compliance [1] - Alibaba plans to launch stablecoins later [1]