#Crypto Corner Episode 455: Ant Group Launches Trade Platform Ahead of IPO, Less Than 25% of Americans Surveyed Approved of Digital-Only Dollar

#Crypto Corner Episode 455: Ant Group Launches Trade Platform Ahead of IPO, Less Than 25% of Americans Surveyed Approved of Digital-Only Dollar

 

Point Roberts, WA, Delta BC September 25, 2020 -  Investorideas.com, a leader in crypto and blockchain investing news brings you today’s edition of the Crypto Corner podcast and commentary on what’s driving cryptocurrency stocks and the crypto market.

 

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Chinese fintech giant Ant Group, the parent company of China’s largest digital payment platform Alipay, has announced Trusple, an “international trade and financial service platform powered by AntChain, the company’s blockchain-based technology solutions.”  The platform will leverage technologies such as AI, blockchain, and IoT, according to the press release. Guofei Jiang, President of Advanced Technology Business Group, Ant Group, said:

 

“Trusple was designed to solve problems for SMEs and financial institutions involved in cross-border trading. Just like when Alipay was introduced in 2004 as the online escrow payment solution to build trust between buyers and sellers, with the launch of AntChain-powered Trusple, we look forward to making cross-border trading safer, more reliable, and more efficient for buyers and sellers, as well as for the financial institutions that serve them.”

 

This comes ahead of Ant Group’s planned initial public offering (IPO) next month, in which according to CoinDesk, the company “is looking to raise a record $35 billion.” The company was last valued at $200 billion, and moreover, “is believed to be one of the primary issuing partners for the upcoming digital yuan.”

 

A survey conducted and published by Genesis Mining, titled: Perceptions and Understanding of Money 2020, finds that, of those polled, only 24.8 percent said “yes” as to “whether the US government should replace physical currency with a digital-only dollar.” For the record, 60 percent said “no”, and 15.3 said “I don’t know.” This may seem to indicate a relative lack of support for a central bank digital currency (CBDC) in the US, but it actually marks a notable increase in support over results from the same poll last year, which revealed only 13.3 percent answering with “yes.”

 

The European Commission, the executive branch of the EU, announced yesterday that it has adopted a digital finance package, “including a digital finance strategy and legislative proposals on crypto-assets and digital resilience.” Summarizing the package’s intentions, the press release reads, “the Commission aims to leverage synergies between high innovative start-ups and established firms in the financial sector while addressing associated risks.”

 

Sam Mowers, Investorideas

 

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