The Chinese e-commerce giant, Alibaba, has registered a cryptocurrency mining platform, according to information relayed by a local media.
Alibaba could launch cloud mining platform
Cloud MiningAs announced today Tencent News , Alibaba reportedly registered on October 10, 2017 a platform with the authorities of Nanjing, called " P2P Nodes ".
Here is what we read in this article (the translation is approximate):
"Alibaba recently launched a virtual currency mining platform," P2P nodes ". According to the conditions of use of the platform, it would be under the aegis of Alibaba East China Ltd . The company was reportedly registered on October 10, 2017 in Nanjing ".
For now, it's hard to know if "P2P nodes" has already allowed some users to subscribe.
This news was relayed in the West by cnLedger , a twitter user who comments on Chinese crypto-markets. He said, from what he could understand from reading the article, that Alibaba may one day decide to incorporate this mining activity into its e-commerce platform .
Another article from Tencent News indicates that it could be a "third party" platform. One might think that it could work as a cloud mining service, offering Internet users the possibility to "rent" hash power from the Chinese giant.
The article highlights the fact that Alibaba would be "extremely cautious" about this project . If users will be able to withdraw their trust money earnings through the group's payment service provider, Alipay , they should not be offered the opportunity to repatriate the coins they may have mined.
Jack Ma: "Bitcoin is not for me"
Photo Jack MaIf the information published by this media is proven, it would be a complete turn on the part of the founder of Alibaba, Jack Ma . He said last month that he did not plan to turn to cryptocurrencies:
"I do not think we're ready for that," he said, adding that his company would focus on fintech innovations that rely on fiat currencies, as Alipay does. "Bitcoin is not for me"
Perhaps the most surprising is the timing of this announcement - as the People's Bank of China today announced its intention to ban "centralized" crypto-currency trading platforms, thereby plunging the steps.
Earlier this month, regulators began putting pressure on local governments and public service providers. They wanted them to stop granting advantages to digital money mining companies - an impetus that would allow the authorities, according to some observers, to make the country less attractive to companies.