Alibaba and JPMorgan Team Up to Launch Tokenized B2B Payments by 2025

Global payment giant Alibaba and financial powerhouse JPMorgan have announced a joint venture to develop a tokenized B2B payment system. Scheduled for launch in December 2025, this innovative platform will leverage blockchain and AI technology, specifically targeting small and medium enterprises (SMEs) across the globe. The initiative seeks to streamline cross-border transactions and revolutionize the traditional B2B payment landscape.