Ant International ‘seriously considering’ stablecoin license applications

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Singapore-headquartered financial technology company Ant International is “seriously considering” stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday.

“Firstly, we will not be focusing on crypto transactions,” Ant International’s Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore.

“On the other side, we’ll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way…



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Ant International ‘seriously considering’ stablecoin license applications



Singapore-headquartered financial technology company Ant International is “seriously considering” stablecoin license applications in multiple jurisdictions around the world, an executive said on Wednesday.

“Firstly, we will not be focusing on crypto transactions,” Ant International’s Head of Platform Tech Kelvin Li said in a panel at the Reuters Next Conference in Singapore.

“On the other side, we’ll be focusing on global payments. We believe stablecoins are an important means that will enable us to provide global payments in much more efficient way…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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