Avalanche Joins Forces with Alipay+ to Launch E-Wallet and Voucher Initiative
In Brief
Avalanche is collaborating with Alipay+ and Alipay+ D-store to launch a new e-wallet alongside a voucher program specifically tailored for the Web3 sector.
Avalanche The Avalanche (AVAX) blockchain has announced a partnership with a popular online payment service to implement an e-wallet and voucher initiative designed to promote Web3 development. Alipay+ and digitization solution Alipay+ D-store This new initiative aims to support the growth of Web3 technologies.
Avalanche serves as an infinitely scalable smart contracts platform that ensures prompt transaction finalization. Its unique consensus mechanism, Subnet architecture, and HyperSDK toolkit equip Web3 developers with the resources needed to create tailored blockchain applications.
The fresh initiative is fueled by Avalanche Subnet and is developed and managed by AvaCloud. This marks the initial phase of a two-step proof-of-concept (POC), with the subsequent phase targeting food and beverage merchants and expanding reach to over 100 million users in regions including the Philippines, Singapore, Malaysia, Thailand, and Chinese travelers visiting these areas.
E-wallet providers across Southeast Asia have the opportunity to integrate the Alipay+ D-store, thus facilitating the activation of the POC and capitalizing on Avalanche 's Web3 advantages. The Alipay+ D-store represents a comprehensive ordering platform, furnished with tools to optimize both in-store and online operations, manage orders, execute marketing strategies, and analyze performance.
The POC will present avenues for businesses to investigate Web3 possibilities, evaluating the prospects of innovatively enhancing interactions between merchants and consumers. These efforts are designed to boost customer loyalty and generate additional revenue streams for businesses. Moreover, the Web3-enabled voucher program from Alipay+ D-store will create opportunities for partnerships with other brands utilizing digital collectables and other blockchain-driven features.
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Avalanche Subnets Boosting the Alipay+ Program
Avalanche Subnets will increase the program's adaptability by delivering the transparency, digital asset pathways, and Web3 features that are hallmarks of blockchain technology. Developers have the capability to personalize their Ethereum Virtual Machine (EVM) chains with Subnets, allowing for chosen privacy configurations.
Furthermore, companies taking advantage of AvaCloud can establish Avalanche Subnets with minimal upkeep, integrating Web3 functionalities at a low cost, reduced effort, and quicker launch times. Leading organizations like AWS, Deloitte, and SK Planet have already adopted Avalanche Subnets.
At the same time, the POC intends to broaden AvaCloud's presence beyond AWS to encompass a broader spectrum of cloud solutions. In this POC, AvaCloud employs a 'hybrid' approach utilizing both AlibabaCloud and AWS, with validators hosted on AlibabaCloud while the RPC is managed through AvaCloud on AWS.
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