Alipay participates in central bank digital currency (DC / EP) operation

According to the Science and Technology Board Daily, Alipay participated in the central bank digital currency (DC / EP) technology and hardware research and development, issuance and payment channel technology. DC / EP has the characteristics of traceability, encryption and penetrable supervision, and digital currency wallets have the characteristics of opening digital wallets with different logos according to different application types. These two will greatly improve the efficiency of financial risk supervision and eliminate financial Fraud and other acts.