Alibaba Bypasses Stablecoins, Taps JPMorgan’s JPMD for New B2B Payments
6h ago•
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- Alibaba is set to launch a new subscription service powered by generative AI and is simultaneously planning a tokenisation-based payment system in partnership with JPMorgan
- On the payments side, Alibaba and JPMorgan are creating a system that uses deposit tokens (bank-backed digital money), rather than traditional stablecoins or non-bank crypto tokens
- Alibaba calls this upcoming service “Agentic Pay” and hopes to launch it in December
Alibaba’s B2B platform, Alibaba.com, is set to launch a new subscription service powered by generative AI, while simultaneously planning a tokenisation-based payment system in partnership with JPMorgan.
The subscription service will cost around US $20 per month or $99 a year (the pricing is not yet final) and is designed to help buyers automate supplier search, logistics, and compliance via Alibaba’s Accio engine.
On the pa…
Read The Full Article Alibaba Bypasses Stablecoins, Taps JPMorgan’s JPMD for New B2B Payments On Coin Edition.
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