‌Alibaba’s Founder Jack Ma Says Digital Currency Could Redefine Value

[Lenipiw]

Founder of Alibaba and China's richest man Jack Ma supports cryptocurrency. I have heard that his companies have access to cryptocurrency transactions. Any product of company can be bought with Bitcoin or any other type. This is good news for all domestic users involved in the cryptocurrency market. Because they can use cryptocurrency to buy any product. There are many people in the world who support cryptocurrency.

[Riya143]

Jack Ma, the founder of Alibaba, has declared digital currencies to be good, as I saw in the news. Many rich people in the world support cryptocurrency for digital transactions. The biggest market place is blockchain transactions like Amazon. So I think cryptocurrency transactions are increasing day by day all over the world. Cryptocurrency transactions are very popular among digital transactions to simplify the transaction process. In the future, all the big companies in the world will dominate bitcoin or digital transactions.

[Dociko]

Trading cryptocurrency currencies in the world and turning money into different countries. Jack Ma believes that things play an important role in the economy. I basically have an idea about cryptocurrency digital currency. I respect his ideas. Because Jack Ma is the richest man in Alibaba and China, he believes that the digital currency can improve the world economy. Because the maximum amount of facility for transactions is only in cryptocurrency. So there are a lot of people with this belief.

[masudginanjar]

It looks like Jack Ma is right to say that because cryptocurrency can prove that he is very transparent and gives the right price for real money.
Cryptocurrency can be the same as real Fiat and can be tracked in one smart contract and that's proof that Jack Ma has been so wild. Cmiiw

[smart_oa]

It looks like Business companies are also trying to adopt cryptocurrency in their business or they have found that it's a very good investment opportunity. Also crypto has better potential growth than any other investment platform.

[tervel]

Cryptocurrencies affect the economic, political, cultural, and social life of humankind. Digital money is not becoming a substitute for real currency, but it can become an impetus for the formation of a new currency system.

[MrSpasybo]

I think this is one of the steps in the progress of China's DCEP project, which is using celebrities to spread the idea of ​​the upcoming digital Yuan. To me, digital Yuan is like the money in the bank account, not a crypto on the decentralized blockchain, and it does not have a big impact on the centralized economy in China or the world.

[Paglamon]

Not only does Alibaba founder Jack Ma support cryptocurrency digital currency. Cryptocurrencies are supported by the richest people or celebrities in the developed world. Of course, they give much priority to digital transactions. So to make digital transactions more active, a new surprise in the world of cryptocurrency. Everyone is emphasizing the current cryptocurrency.

[Senin]

This is actually a controversial issue. States are on guard for the preservation of financial stability, and at the recent summit of the G20 countries, after discussing the growing power of cryptocurrency in the world, they came to the conclusion that cryptocurrency does not pose a threat to global financial stability. Therefore, if the cryptocurrency begins to change the concept of value in our world, which has been established for centuries, then it can provoke a general opposition of states. Individual states can change little in the cryptocurrency. But if measures are taken at the level of the G20 countries, this could greatly affect it.

[TomPluz]

This is actually a controversial issue. States are on guard for the preservation of financial stability, and at the recent summit of the G20 countries, after discussing the growing power of cryptocurrency in the world, they came to the conclusion that cryptocurrency does not pose a threat to global financial stability. Therefore, if the cryptocurrency begins to change the concept of value in our world, which has been established for centuries, then it can provoke a general opposition of states. Individual states can change little in the cryptocurrency. But if measures are taken at the level of the G20 countries, this could greatly affect it.

One thing is so clear for now: If the government will go for digitalization then they will opt to introduce their own CBDCs just like what China is doing right now. I think any government will not just accept cryptocurrency as the replacement for their own sovereign money...the fiat money has been under the control of any government issuing them and without this kind of control things can go awry and there can be more instabilities that we are experiencing right now. Soon, many governments will look at crypto as a threat so either there can be strict regulations in place or there can be a big blanket ban just like what China is doing. In the USA, we can expect more regulations especially in 2022 under the Biden administration which is so hungry with tax money to spend and spend.

[Astra]

Many, of course, would like cryptocurrency to change our understanding of the value of our material world. But that will certainly not happen. Cryptocurrency does not exist in a vacuum. It exists on the public Internet, where it leaves a material trail, and travels across the territory of various states. States, on the other hand, will not watch from the outside as the cryptocurrency grows in volume and large capital flows move freely, regardless of the borders between states. Many states will see this as a threat not only to their finances, but also to the security of their existence. Therefore, if the cryptocurrency has great potential, it will simply not be allowed to manifest them.

[masterrex]

Jack Ma was consistent saying that before and many have thought that he was supported the proliferation of cryptocurrencies, But after the report that he suddenly vanished in a couple of days, we have nothing heard about Jack Ma's stand on cryptocurrencies anymore and many suspected that the Chines communist government was influenced Jack Ma's stand on cryptocurrencies because we know that Chinese communist government has not like the cryptocurrencies.

[TOP_ETH]

agree with the opinion of digital currency as the main solution to future problems and create a new financial system as said by jack ma founder of alibaba

[Noverteno]

Naive people. It is believed that the recently appeared cryptocurrency can completely revolutionize the global financial system and lead to a revaluation of values, which will entail great changes in all areas of our life. Of course, nothing like this will happen. States will not be indifferent to this process. When they see that cryptocurrency threatens the stability of their financial system, they will act, and act quite tough. It is possible to completely ban the circulation of cryptocurrency by most states and even introduce criminal liability for its use. Cryptocurrency shouldn't go to such a confrontation. It will not be in her favor.

[Fenix]

Founder of Alibaba and China's richest man Jack Ma supports cryptocurrency. I have heard that his companies have access to cryptocurrency transactions. Any product of company can be bought with Bitcoin or any other type. This is good news for all domestic users involved in the cryptocurrency market. Because they can use cryptocurrency to buy any product. There are many people in the world who support cryptocurrency.

I wonder how it is now in China with the circulation of cryptocurrency, if it is officially banned? Does Alibaba now accept cryptocurrencies for shipped goods?
The total capitalization of the cryptocurrency market is growing, which means that its role in the financial sector is increasing. In general, this is good, but we do not know how the state will look at it over time. In the future, they may consider this process as a threat to the security of their financial system. Here you will need to look for the golden mean.