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From what I've gathered from the news, China's regulators was never too concerned about Ant's role as a payment provider, but as a lender. I don't doubt techni
by beaunative 6y ago
From what I've gathered from the news, China's regulators was never too concerned about Ant's role as a payment provider, but as a lender.
I don't doubt technical innovation would always be a burden for regulators and lawmakers, but that does not make it fit to say that such innovation are worthless, because they provide a value to the general public, and that should not be stopped because those in the power of authority needs to do more work to make it 'in control'.
Credit card wasn't invented because the lawmakers had drafted the perfect law, nor should mobile payment. The law always comes in afterward, as it should be.
- uranusjr 6y agoI did not imply the innovation is worthless. That’s exactly how innovation should work, it is as valuable to prove something does not work as come up with something that does. But that value is only meaningful if others learn from that. In other words, the innovation of mobile payment is not worthless, but attempts to adopt it at this point would be.