Avalanche starts to cooperate with the Chinese payment system Alipay

The partnership launched a Web 3.0 voucher program

20.03.2024 - 14:15

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What’s new? The Avalanche blockchain team has announced a partnership with Alipay, in which the Alipay+ D-store platform and its partner e-wallets will use Avalanche to launch a Web 3.0-enabled voucher program. The program is deployed in milk tea stores in Southeast Asia, and allows users to earn vouchers by playing a mini-game.

Avalanche’s press release

What else is known? The vouchers allow users to get discounts of up to 50% off at over 500 Milk Tea stores. The vouchers are powered by Avalanche’s subnet, created and managed by its blockchain service AvaCloud. The platform said the vouchers are designed to allow brands such as Alipay to utilize Web 3.0-enabled solutions.

Avalanche said the program opens up opportunities for Alipay to collaborate with other brands using blockchain features and digital collectibles.

The program is still in its first proof-of-concept (POC) stage. It is planned to reach over 2000 grocery stores and introduce vouchers to 100 million users from the Philippines, Singapore, Malaysia, Thailand, and the PRC.

Last November, Emin Gün Sirer, thw founder of Ava Labs, the developer of Avalanche, announced a 12% staff reduction to “reallocate resources to double down on the growth of our firm and the Avalanche ecosystem.”

In January, Ava Labs unveiled a Vryx scaling solution that will increase Avalanche’s throughput to 100 000 transactions per second (TPS).

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