Alibaba opens up to crypto - I became rich using this method and now I make over $10,000 monthly.
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Scott Evans
08.02. 2018 14:01  | 

Interest in the cryptocurrency is not decreasing, even if there has been a small drop in the value of the same on the market. Large number of companies invest in creating their own cryptocurrencies and blockchain solutions. The most recent company that has shown interest in the crypto world is Alibaba, a large Chinese e-commerce company.

As it is heard, this e-commerce company is launching its own crypto mining platform called P2P Nodes. This coincided with China\'s commitment to action on crypt mining, peer-to-peer trade, and local and international trading platforms, services and groups.

Cloud Mining

P2P Nodes were registered in October last year, only month after the government made trade with cryptocurrency forbidden in country. It is not sure what is Alibaba\'s intention, but there are some rumors about using the system to provide cloud mining services for its customers. In the future blockchain technology and cryptocurrency could be incorporated also into the company’s e-commerce platform.

No Alibaba Coin

The Alibaba chief Jack Ma said that he was very little informed about the world of cryptocurrency and was not familiar with their functioning, he also said that he thinks the world is not ready for such a thing and that this will lead to major changes in the international rules of trade and finance. It is for this reason that Alibaba\'s decision to enter the world of the cryptocurrency is very bold especially considering the decision of China to ban crypto exchanges.

Although the company does not show for now that it wants to develop its cryptocurrency, researching the crypto world shows that it is not indifferent and that there is a dose of interest in crypto technology to improve business. This certainly represents a positive sign, especially with a view of the circumstances and abandonment of country by the large crypto mining operations ViaBTC.

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