Bitcoins Are Not Appealing For Jack Ma: More Insights Here

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

Bitcoin is not for me: Says Alibaba Founder Jack Ma 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

Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
New Delhi, India
London, UK
View full report

Latest Articles

Join our global community 135K Followers

Bitcoin Trading App, Coinbase Grabs The Top Spot At App Store While Users Struggles To Sign In

Akash Singh Chauhan 4 min read  

Bitcoins, the cryptocurrency which is getting an enormous amount of hit nowadays and topping the tech news chart everywhere. Seems like the buzz is not only hiking the bitcoin price but also made Coinbase rank top in the Apple’s App Store. The app is used to access the digital wallet for buyin


Top 3 Technologically Advanced Cryptocurrencies And Where To Buy Them?

Vikram Khajuria 2 min read  

It's difficult to determine the most 'technologically advanced cryptocurrencies'. The cryptocurrency industry is full of innovative projects. New tokens being introduced all the time, claiming to have the most advanced blockchain technology in the world. As the newly launched ones are ye


How To Develop Your First Blockchain App

Neha Baluni 4 min read  

The hype around blockchain emerged like the technology is going to create never-seen-before innovation in the tech industry. Well, It actually did. And to make this revolution keep growing we need skilled engineers at the work. Let me put the stats here, as per the recent study on the requirement


EOS vs Ethereum Battle: Can We Predict The Winner?

Vikram Khajuria 4 min read  

Cryptocurrencies have a history of their own. They follow a decentralized transaction and eliminate the intermediaries that very often becomes a part of any financial transaction. Well, I am not here to brag about what cryptocurrencies do but to hold your attention on an even more interesting topic,