After saying “It is…not right to become rich overnight by betting on blockchain,” Chinese billionaire Jack Ma launched a cross-border remittance service that uses blockchain to help people send money to the Philippines at transaction fees that are much lower than banks and other money-transfer firms charge.
Chinese billionaire Jack Ma criticized people who have been speculating on bitcoin, pledging to avoid the asset class and saying the blockchain technology underpinning it should be instead used to solve social problems. Mr. Ma, who is executive chairman of Alibaba Group Holding Ltd., was speaking at an event held on Monday by Ant […]
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