Pakistan Uses Blockchain Developed by $150B Alipay, But No Bitcoin

Pakistan Uses Blockchain Developed by $150B Alipay, But No Bitcoin

The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central…