the founder and chairman of chinas giant ALIBABA GROUP .one of the chins wealthy man JACK MA has declared bitcoin is bubble,just as his ant financial launched blockchain based money transfer between hong kong and phillipines today.
acording to ant finance this service designed to bank and traditional remitence services only for hong kong and phillipines.
billioner said its possible to people to remit even 1 cent at almost no cost.compared with high charged MONEY GRAM.it was not succed deal with US dollar.
blockchain shoud not a tech to get rich overnight.there are 1.7 billion people have mobile phones but they have no bank accounts.
this is not first time MA expressed his skepticism towards cryptocurruncy block chain not a bubble ,but bitcoin is, is his opinion as he shared its multiple times.its just not for me remais his opinion first said in december 2017.
hong kong finanacial technology company TNG WALLET allready provide mobile remittances via digital wallets,but it does not use blockchain.