在 9 月 30 日 Token2049 峰会前夕，OKX 举办的 Alphas Summit「The New Money Era」成为了行业热门 活动之一。OKX 创始人兼 CEO Star Xu、OKX CMO Haider Rafique 与 OKX SG CEO Gracie Lin 共同亮 相，并携手探讨了链上支付的未来趋势。这也是他首次在公开场合聚焦用户最关心的支付话题，分享对 「OKX Pay」的深度思考。 以下为圆桌对话内容(经整理)： 关于加密支付未来的愿景 Haider Rafique：我想用一个一直在我脑海中酝酿的概念，来开启今天的圆桌讨论。我们暂时先不谈交 易、不谈交易所和市场。想一想，现在整个行业每天处理数万亿美元的交易量，在短短一天甚至一小时 内，就可能撬动数十亿美元的流动性。这是一个相当惊人的规模。但有趣的是—— 你们当中大多数 人，依然没办法直接用加密货币买一个汉堡。没错，就是这样一个最简单的日常消费。 我口袋里有很多信用卡，手机上装满了各种金融科技应用。但即使我已经在加密行业这么多年，现实的 情况是，我不会用加密应用去买披萨、买 Blue Bottle 咖啡、叫 Grab 打 ...

Core Insights - The Hong Kong government is actively promoting the Web3 wave, with EDA Group Holdings (2505.HK) announcing a strategic partnership with licensed crypto payment institution UTCPAY to capture the billion-dollar crypto payment market [1] Group 1: Strategic Partnership - EDA Group Holdings and UTCPAY will collaborate on digital asset trading, Web3 technology, and blockchain applications [1] - UTCPAY specializes in decentralized crypto payment and wallet infrastructure services, combining technical strength with compliance capabilities [1] - EDA possesses extensive cross-border merchant resources, creating a perfect synergy of "scenario + license" [1] Group 2: Payment Solutions - The partnership addresses pain points in cross-border payments by integrating UTCPAY's decentralized payment technology [1] - EDA will offer its numerous cross-border e-commerce clients a new stablecoin payment option with instant settlement and significantly reduced fees [1] - This collaboration aims to fundamentally restructure the international logistics payment chain [1] Group 3: Market Potential - As the penetration of cryptocurrencies in global commercial scenarios continues to rise, EDA Group Holdings is positioned to bridge key aspects of the Web3 commercial ecosystem [1] - The company is expected to transition from a logistics service provider to a cross-border payment infrastructure provider [1] - Future opportunities may extend into supply chain finance and asset tokenization, tapping into the trillion-dollar Web3 incremental market [1]

Group 1 - ALT5 Sigma issued up to 200 million shares at $7.50 each, transforming into a "listed treasury" for the Trump family [1] - The company is not just a fintech firm but a "political mint" created by the Trump family [2] - The WLFI stablecoin has generated hundreds of millions in revenue for the family business within months of its creation [3] Group 2 - ALT5's shareholder structure reveals a blend of offshore capital, Wall Street funds, and political token factions [5] - Key figures in ALT5 include Eric Trump and Zach Witkoff, indicating a political-financial alliance [6][12] - The presence of Zach Witkoff, a prominent figure in the real estate sector, further solidifies the political connections within ALT5 [9][12] Group 3 - ALT5's operations appear compliant and transparent, yet it serves as a strategic node for the WLFI stablecoin's global expansion [22][23] - The company has the necessary licenses to operate as a fintech, allowing it to bypass regulatory hurdles that WLFI might face directly [25][26] - ALT5's API can facilitate the covert use of WLFI in transactions, effectively integrating it into the global payment system [28][30] Group 4 - The Trump family's financial strategy involves creating a parallel dollar system, integrating politics, media, finance, and mining [36][41] - USD1, the Trump-backed stablecoin, serves as a financial tool for political identity and fundraising [42] - The media plays a crucial role in this strategy, with platforms like Truth Social amplifying political narratives and driving financial engagement [45][47] Group 5 - The overall ambition of the Trump family's financial empire is to challenge traditional financial systems and create a shadow dollar [51][53] - ALT5 acts as an entry point, while WLFI/USD1 represents the political banner, with media and mining supporting the financial structure [54][56] - The ultimate goal is to intertwine finance and politics, transforming payments into votes and capital flows into electoral support [55]

Group 1 - Point72 Asset Management and ExodusPoint Capital Management have disclosed their holdings in cryptocurrency payment company Alt5 Sigma, with Point72 holding 4% valued at approximately $26.7 million and ExodusPoint holding 4.75% valued at around $32.1 million [1] - The SEC is investigating Alt5's president for allegedly inflating profits and selling shares during a price surge of Alt5 [1]

Core Insights - The seminar focused on the explosive growth of stablecoins, regulatory reshaping, and payment transformation in the Web3 payment industry [1][3] Group 1: Stablecoin Market Dynamics - The stablecoin market is characterized by a significant scale and oligopolistic effect, with USDT and USDC accounting for over 86% of the market share [3] - There are seven key information gaps between traditional payment systems and stablecoin payments identified by industry experts [3] Group 2: Regulatory and Compliance Framework - Discussions highlighted the importance of a robust technical compliance framework for stablecoins, including risk management and anti-money laundering (AML) measures [3][5] - The need for a risk-based transaction monitoring system to track the flow of stablecoins and maintain a blacklist of sanctioned addresses was emphasized [3] Group 3: Innovation and Licensing in Crypto Payments - The seminar covered the innovative pathways and compliance practices for crypto payments, detailing licensing requirements in major regions such as the EU and Singapore [7] - The EU's MiCA CASP licensing requirements were specifically discussed, including capital requirements and management reviews [7] Group 4: RWA as a Use Case for Stablecoins - Real World Assets (RWA) were identified as a valuable application scenario for stablecoins, providing significant use cases within the stablecoin ecosystem [10] Group 5: Industry Perspectives and Future Directions - The roundtable discussion addressed the regulatory landscape for stablecoins globally, with a focus on the challenges and pathways for implementation [11] - Experts suggested that practitioners in the Web3 space should prioritize entering regions with mature regulations to gain experience in compliance and industry logic [12]

Group 1 - The core viewpoint of the article highlights the surge in interest surrounding stablecoins in Hong Kong, particularly with the upcoming implementation of the "Stablecoin Regulation" on August 1 [1][6] - The company Jingwei Tiandi announced its entry into the crypto payment sector with the launch of its stablecoin payment platform "Fopay," which has led to a significant increase in its stock price, rising over 18% on July 22 and continuing to rise by 4% on July 23 [1][2] - Since its listing in January 2024, Jingwei Tiandi's stock price has increased by over 400%, indicating strong market performance and investor interest [1][2] Group 2 - "Fopay" is a one-stop payment platform based on stablecoin technology, offering services such as stablecoin custody and prepaid card payments through licensed partners, marking Jingwei Tiandi's formal entry into the multi-trillion-dollar crypto payment market [2][3] - The stock price of Jingwei Tiandi experienced a dramatic increase of 87.46% on January 7 following the announcement of a significant share sale to a group of influential investors, which included notable figures from various sectors [3] - The Hong Kong Monetary Authority (HKMA) has indicated that it will only issue a limited number of licenses for stablecoin issuers, with several institutions expressing interest in applying for these licenses, reflecting a cautious but optimistic regulatory approach [6]

Core Viewpoint - Recently, Jingwei TianDi announced its entry into the cryptocurrency payment sector by launching the stablecoin platform "Fopay," which led to an 18% surge in the company's stock price. This move reflects the strategic ambitions of Zhejiang businessman Qian Fenglei, who is building a Web3 ecosystem and has become the largest shareholder of Jingwei TianDi [1][2][3]. Group 1: Company Developments - On July 21, Jingwei TianDi officially announced its entry into the cryptocurrency payment market and launched the mobile payment application "Fopay," which is based on stablecoin concepts and aims to provide a one-stop payment platform [2][4]. - The company has partnered with several licensed institutions to offer stablecoin custody and prepaid card payment services through "Fopay," which is expected to create more business opportunities for the company and its shareholders [4][5]. - Since its listing in January 2024, Jingwei TianDi's stock price has increased over fourfold, closing at 9.07 HKD per share with a market capitalization of 8.74 billion HKD [5][6]. Group 2: Strategic Investments - Qian Fenglei's investment firm, Hengfeng International, completed a $100 million financing round last year to build the Web3 ecosystem FO.COM, which includes the stablecoin payment platform "Fopay" as a key component [3][11]. - Qian Fenglei has invested over 1 billion HKD in Jingwei TianDi, increasing his shareholding to 29.9%, making him the largest shareholder [3][6]. - The strategic acquisition of shares in Jingwei TianDi aligns with Qian Fenglei's broader goal of establishing a Web3 ecosystem, indicating a significant shift in the company's business direction [6][7]. Group 3: Market Context - The stablecoin market is experiencing heightened interest, particularly following the successful IPO of Circle, which saw a nearly 170% increase on its first day of trading [13]. - The competition for stablecoin licenses is intensifying, with several companies, including Ant Group and JD.com, actively seeking to enter the market as regulations evolve [15][16]. - The upcoming implementation of Hong Kong's stablecoin regulations is expected to further fuel competition, as only a limited number of licenses will be issued, creating a "supply-demand" imbalance [15][17].

Core Viewpoint - The article highlights the significant stock price surge of Jingwei Tiandi (02477.HK) following its announcement to enter the cryptocurrency payment sector with the launch of its stablecoin payment platform, Fopay, which is expected to enhance business opportunities for the company [1][4]. Group 1: Company Developments - Jingwei Tiandi's stock price increased by 18.11% on July 22, closing at a market capitalization of HKD 8.7 billion, and further rose by 3% on July 23, marking a 170% increase year-to-date [1]. - The company announced the launch of Fopay, a global stablecoin payment platform, which will be available through a mobile application by July 21, 2025 [1][4]. - The introduction of Fopay is part of a broader strategy to diversify the company's business portfolio, including payment services utilizing blockchain technology [12]. Group 2: Shareholder Changes - In May, Jingwei Tiandi underwent a major shareholder change, with Qian Fenglei, a prominent figure in Zhejiang business circles, acquiring a controlling stake through Zhejiang Hengfeng International Holdings [5][9]. - Qian Fenglei invested over HKD 1 billion to acquire a 29.9% stake in Jingwei Tiandi, becoming the largest shareholder [5]. - The shareholder group of Hengfeng International includes notable figures such as former Ant Group CEO Hu Xiaoming and other prominent business leaders [8][9]. Group 3: Financial Performance - For the first half of the year, Jingwei Tiandi reported a revenue of HKD 278 million, reflecting an 8.7% year-on-year growth, while the net profit attributable to shareholders was HKD 20.14 million, a slight decline of 1.26% [12].

Core Viewpoint - The company is entering the cryptocurrency payment sector with the launch of its mobile application "Fopay" scheduled for July 21, 2025, aiming to provide a one-stop payment platform [1] Group 1: Product Launch - "Fopay" will be developed based on the concept of stablecoin cryptocurrency payments [1] - The application will offer stablecoin custody and prepaid card payment functionalities through several licensed partners [1] Group 2: Business Strategy - The board believes that the launch of Fopay and the new business segment will explore more opportunities for the company and be beneficial to shareholders overall [1]

Core Insights - AEON has officially integrated with the TRON network to enhance in-store payment experiences for users, allowing payments using TRX, USDT, and USDD [1][3] - This collaboration signifies a major step in making cryptocurrency payments more accessible and widespread, while also expanding the use of TRON's digital assets in global retail [1][3] Group 1 - AEON Pay now enables users to make payments at thousands of retail merchants using TRX, USDT, and USDD, with a total circulation of over $77 billion in stablecoins on the TRON network [3] - The integration is expected to facilitate transactions in approximately 10,000 brands and 20 million merchants across Southeast Asia, with plans for expansion into Africa and Latin America [3][4] - AEON's CEO, Eddie Li, emphasized the alignment of TRON's user base and stablecoin circulation with AEON's global payment services [3] Group 2 - The partnership aims to bridge the gap between cryptocurrency technology and traditional finance, accelerating the adoption of Web3 in everyday life [4] - AEON is focused on creating a next-generation cryptocurrency payment system that leverages AI technology for smart and automated Web3 payments [4] - AEON's AI Payments system is designed to facilitate automatic management of transactions, payments, service subscriptions, and remittances [4]