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

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

Latest Articles

Join our global community 135K Followers
Blockchain

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

Blockchain

Coinbase To Increase Its Crypto Listing In 2019

Twinkle Kalkandha 4 min read  

Coinbase, which is one of the world’s most prominent cryptocurrency exchange is an ideal venue where every coin aspires to be listed. In a candid interview with CNBC, Coinbase’s COO Asif Hirji hinted to include as many meaningful coins as possible in the upcoming year.The Coinbase ne

Blockchain

Crypto Finance Conference 2019: All You Need To Know

Vikram Khajuria 2 min read  

Crypto Finance Conference is one of the most exclusive investor conferences on cryptocurrencies and blockchain investments across the globe. This time, the third Crypto Finance Conference is going to take place in Switzerland in the third week of January 2019.The Crypto Finance Conference offers

Blockchain

Blockchain Market Estimated To Cross $28 Billion By 2025

Vikram Khajuria 4 min read  

With many types of technologies like ‘Artificial Intelligence’ and ‘Machine Learning’ pouring in with time, Blockchain technology is right in the center of the horizon of silicon valley. According to a report compiled by Meticulous Research on the projected growth of the curr