Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.
The current conservative international financial system doesn’t suit young people or young economies, says Ma.
The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion.
But the company with the most patents isn’t even American.
The dual-listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.
The e-commerce firm says its new patent would improve upon current systems used by blockchains to communicate with one another.
The e-commerce giant has patented a blockchain-based means of vetting the originality of songs.