Alibaba and JPMorgan's Tokenization Breakthrough: Driving $3 Billion in Worldwide B2B Trade
- Alibaba partners with JPMorgan to launch tokenized USD/euro payments by December, aiming to cut cross-border transaction delays and costs via blockchain technology. - The initiative uses JPMorgan's JPMD token to enable real-time global settlements, bypassing intermediaries that typically slow down 72-hour international transfers. - Complementing this, Alibaba introduces AI tools like AI Mode ($20/month) for supplier comparisons and agentic pay for automated contract drafting, diversifying revenue streams
Alibaba Group is ramping up its global B2B commerce transformation by joining forces with
The partnership revolves around JPMorgan’s JPMD token, a digital currency backed by deposits and intended for business use. By converting traditional money into tokens,
Alongside these payment innovations, Alibaba is also rolling out AI-powered features to boost platform productivity. The newly launched subscription service, AI Mode,
Another AI-based feature, “agentic pay,” will automate the drafting of contracts between buyers and sellers by analyzing their communication records. This solution,
Although the primary focus is currently on tokenized deposits, Alibaba is also considering the future use of stablecoins
The alliance with JPMorgan represents a major milestone for Alibaba’s B2B segment, which earned over $3 billion in revenue last year. By incorporating blockchain and AI, Alibaba seeks to reinforce its leadership in global e-commerce and address challenges such as currency exchange costs and payment delays
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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