TLDR: Southeast Asian governments accelerating cross-border integration of payment rails. (A problem #bitcoin already fixed.)
Q: How to balance sovereignity, convenience and economic integration?
Of course, the irony is, instead of #bitcoin being the 2nd in line to this, it's actually Alipay and Ant Financial (Alibaba)...
1/3 📱Ant Group is extending its cross-border payment service Alipay+ to four Asian e-wallets: the Philippines' GCash, Malaysia's Touch'n Go, Thailand's TrueMoney, and AlipayHK. This move will allow users to pay at over 120,000 S.Korean merchants using their local mobile pay apps
2/3 🌏 This comes as travel restrictions across Asia begin to ease. Earlier this month, South Korea ended pre-departure COVID-19 test requirements for overseas travellers. Ant Group previously enabled Touch'n Go users in Malaysia to pay with their e-wallet in Singapore in June.
3/3 So you have the government rails in pole position. Then Alibaba in first row lock-up.