Bitcoins Are Not Appealing For Jack Ma: More Insights Here
Blockchain

I Am Not A Bitcoin Fan, Says Alibaba Founder Jack Ma

Bitcoin is not for me: Says Alibaba Founder Jack Ma

https://dk2dyle8k4h9a.cloudfront.net/I Am Not A Bitcoin Fan, Says Alibaba Founder Jack Ma

Bitcoins, the cryptocurrency that recently thrilled all of us and the price surge last week were beyond speculations has become an internet sensation. Everyone is talking about the Bitcoin and Blockchain technology but you must be thinking what the business leaders think about the bitcoins and and how see this new buzz. Here, see by yourself how Jack Ma, founder of Alibaba look at all bitcoin talks going across the globe. The Bitcoin prices crossed the $18,000 last week and made Coinbase the cryptocurrency selling and buying an app to top the Apple’s App Store chart.

In an interview Jack Ma was asked, “what he thinks about the future of bitcoins”, and he answered the question with his own simplicity. He replied,” Honestly, i am not a big fan bitcoins but i pay special attention to the cashless society and the technology behind the bitcoins.” He explained how the blockchain technology can be used for other fields and it is not only restricted to the bitcoins.

According to Ma, the blockchain technology holds the potential to bring a substantial change to the world by powering the cashless society. “ My job at Alibaba Alipay is to make sure that the society get used to the cashless transaction with a transparent and independent process.”, he said,”I hate corruption and don't want others to play dirty way ” he added.

More importantly, he mentioned that the bitcoins are bit complicated and he is same confused about as we are. However, he watches the bitcoin very carefully and tries to figure out what profits and values it can bring to the society.

 

Akash Singh Chauhan
Written By
Akash Singh Chauhan

Akash Singh Chauhan is a senior writer at MobileAppDaily and he mainly covers all the latest happenings and tweaks in mobile app technology. Being an Engineering graduate he is always compelled to the technology and tries to discover new trends in the tech world. Along with any tech news he also never misses a single episode of ‘Dragon Ball’.

Top Companies

01.
InMobi
Singapore
02.
Dot Com Infoway
New York, USA
03.
M&C Saatchi Mobile
New York City, USA
04.
Techmagnate
New Delhi, India
05.
Fetch
London, UK
View full report

Latest Articles

Blockchain

10 Ways How Bitcoin Could be Hacked

Neha Baluni 4 min read  

Bitcoin blockchain system is considered one of the safest in the world at the moment. Together with other factors, it makes the price for a coin unexpectedly high. The bitcoin owners believe this is the safest and the most perspective cryptocurrency in the world which will lead humanity to financial

Blockchain

China Should Adopt Blockchain For Loan Market, Says Chinese Banking Regulators

Akash Singh Chauhan 4 min read  

Maybe the Bitcoins have initiated the revolutionary change in the financial sector, but it's the technology that everyone is talking about. The Chinese government is the latest to the list of considering blockchain technology as the best way to enhance the banking sector. The China Banking Regul

Blockchain

Google and YouTube Get Conned by Cryptohackers

Meenal Vashistha 4 min read  

Google is in bad blood with Youtube for turning passive viewers into cryptocurrency miners. Youtube ads are being used by anonymous hackers to covertly leach off visitors' CPUs and electricity to generate digital currencies like Bitcoin. In case you’re still clueless about cryptocurrencies

Blockchain

Bitcoin's Real Worth Might Be $0 Warns Morgan Stanley

Meenal Vashistha 4 min read  

The financial mechanism of bitcoin is as tough as the concept itself. The virtual digital currency has created all the hype all these years only to break all the records (the worth) the cryptocurrencies had ever made. Bitcoin was all there in the news owing to the worth it has gained in a short-time