Tokenization To Revolutionize Cross-Border Payments, Says Ant Group CEO

According to Foresight News, at the 9th Hong Kong FinTech Week, Ant Group Chairman and CEO Jing Xiandong highlighted the significant benefits of tokenization for cross-border payments. Jing emphasized that small and medium-sized enterprises (SMEs) currently face numerous challenges in cross-border transactions, such as high costs and time-consuming processes. He suggested that tokenization technology could streamline the payment process, offering a peer-to-peer system without intermediaries. This programmable, on-chain payment method could have a profound impact on global cross-border payments.