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Alibaba's Cross-border Business Plans to Cooperate with JPMorgan Chase to Test a CBDC Payment Solution
BlockBeats News, November 14th, according to CNBC, Alibaba Group's cross-border e-commerce department is reportedly planning to launch an AI-based subscription service and is partnering with JPMorgan Chase to test a "stablecoin-like" payment method to improve cross-border settlement efficiency. The report indicates that this payment tool may be used for international trade and service transactions, aiming to reduce the uncertainty caused by exchange rate fluctuations and shorten settlement times.
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