Volatile nature of cryptocurrency always needs support from existing financial or physical system to show impacts. Whenever we saw a spike in bitcoin price, there is something that supports the market. Alipay as giant payment system of the wholesale market in Asia definitely uplifts crypto market in the broader way.
Alibaba stated that it will incorporate own blockchain in the long run to support different kinds of features for its platform. This decision opening a road for the institutional money to enter in the crypto world. This decision is one of the five bigger targets of Alibaba's vision, the other four targets of the company are: artificial intelligence, Security, Internet of things and Computing.
Zhang Hui, the director of the new blockchain project elaborate on the future of their blockchain project. Compay wants to see the core of their system in payments and transportation systems to facilitate company and end users in the world.
Previous views on blockchain by the Jack Mah were negative, despite being bullish about blockchain
Their implementation of blockchain system will definately support crypto real usages and will build trust in end users to use crypto as payment system for everyday use.
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