Main page News

Jack Ma, the chairman of Alibaba and Ant Financial, a Chinese financial conglomerate, said that he pays special attention to Bitcoin and Blockchain technology. He stressed that Blockchain technology is a powerful innovation that can allow building a fully cashless society.

“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,” said Jack Ma.

At the moment, payment applications such as Alipay are very common in China. With the help of NFC-enabled smartphones and Point of Sale (PoS) terminals, Alipay users in China can instantly complete transactions. Only a very small part of the population uses cash or credit cards to buy products, get salaries, and pay utility bills.

Earlier, Ray Chen, the vice-president of Ant Financial, said that the company is ready to move from traditional means of payments to more efficient and complex financial networks.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.