Do you guys think with the collaboration of the Credits and Alibaba it will bring a massive impact to industry?
I think it will has a big impact, the reasons are Alibaba is one of the big companies that has a big influence on the economic sector in China and the other reasons that many people use the services of the Alibaba to buy goods
It could be a threat also for the cryptocurrency industry. If china succeed to develop their own blockchain and alibaba use it and force the worldwide buyers to use it if they want to buy some stuff at alibaba, china's blockchain payment will dominate the world payment and i'm sure people will leave cryptocurrency and bitcoin.
I dont think people will leave bitcoin and cryptocurrency immediately, because they have their own unique point that makes people still stand alone with them.
As you know, bitcoin still a hype for now and i think it would took more time for china's blockchain to used worldwide.