Jack Ma, who is the founder of Alibaba, is in the latest crypto news – this time for his statement oriented towards the growth of blockchain and Bitcoin and their potential to create a cashless society.
Right now, the population in China is far from a digital revolution like that, but this could change really soon thanks to the introduction of Alibaba’s Alipay service which is a payment application that will streamline all payments, digitizing them in a new way.
As the chairman of a $150 billion China-based financial conglomerate and the founder of Alibaba recently said:
“I pay special attention to cashless society and blockchain technology. Mine and Alibaba’s job is we will move the world into a cashless society. The society can make everybody equal, inclusive to get the money they need, make sure it is sustainable and is transparent. I hate corruption. I don’t have opportunity is ok. But I don’t want somebody through a dirty way take away my opportunity. This is why we want a cashless society.”
However, Ma also emphasized that besides blockchain, crypto is not dismissed as a potential currency and a store of value. However, he is still indecisive in regards to the future of Bitcoin and if it brings a sufficient value to the society as a consensus currency based on blockchain technology.
“Bitcoin, the thing I want to know is that what value, what things that itcoin can bring to the society.
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But Behind bitcoin, the technology itself, is really very powerful,” Ma concluded.
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