Ethereum to onboard 1.4B new users as Chinese AliPay megacorp launches own L2

Ant Group is betting that the next leap in digital finance will not happen in a bank but on Ethereum. On Oct. 14, the Chinese fintech giant behind Alipay’s 1.4 billion-user payment network launched Jovay, a new Layer-2 (L2) blockchain built atop Ethereum to move real-world assets (RWAs) on-chain at institutional scale. What is Jovay? The post Ethereum to onboard 1.4B new users as Chinese AliPay megacorp launches own L2 appeared first on CryptoSlate.