Tuesday, March 31, 2015

Alipay started in China and my superior mentioned that it still rides atop Chinese currency.

One may take an Alipay payment in U.S. dollars and it will be translated into the Yuan of the Renminbi money system of China. Part of the Alipay infrastructure compensates for the wild exchange rate fluxuations of the Yuan so that one hundred dollars inbound will yeild the appropriate amount of Yuan on both Tuesday and Wednesday when two different values apply.

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