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[onlyprofits]

Chongqing Xiaoyudian Microfinance, is the Chinese small company, a startup, which surpasses Paypal worldwide with a higher number of patent registrations on the blockchain, currently ranks 66th.
This company has 300 employees and specializes in offering small loans to local companies in Chongqing city that use blockchain technology.
So far they have 148 patent applications related to "artificial intelligence, blockchain and big data modeling.

 

[Josemendez]

I believe that part of the reason that made them have these large audience more than PayPal was the fact that they are in line with blockchain . Many people are turning to blockchain thus it was a plus for them

 

[Niftyicon]

Chongqing Xiaoyudian Microfinance, is the Chinese small company, a startup, which surpasses Paypal worldwide with a higher number of patent registrations on the blockchain, currently ranks 66th.
This company has 300 employees and specializes in offering small loans to local companies in Chongqing city that use blockchain technology.
So far they have 148 patent applications related to "artificial intelligence, blockchain and big data modeling.

Now that is one very busy microfinance company with a really impressive portfolio. It is even more interesting how advanced in technology and community service they are.

 

[SCAMEXPOSER]

I guess this company render it services to mostly the Chinese if true I don't think it worth comparing the company to PayPal because they do different business, PayPal deal on fiat currencies while this deal on Crypto currencies.

 

[ascott]

wow if china look through this then they may will fast develop country may be hit USA position as due to corona there will be a potential also

 

[onlyprofits]

Despite the fact that many companies are looking for developers in the US, there is a greater boom in the creation of companies based on the blockchain in China than in the US, which is being left behind and it seems that they do not realize what the blockchain really means for the future.

 

[Josemendez]

I guess this company render it services to mostly the Chinese if true I don't think it worth comparing the company to PayPal because they do different business, PayPal deal on fiat currencies while this deal on Crypto currencies.

I agree with your point , it is just that the comparison is based on the number of registered user in it and not the number of countries it is available in .

 

[ELSA-ELI]

It surely shows that people are really working hard,kudos to the company for having such a huge portfolio in its investments to the threshold above one of the giant payment processor company called PayPal.This chinese company though restricted to the confines of china further even extends its services to microfinance loans to the Chinese domiciled people.It's good for them in such a short period of time.

 

[onlyprofits]

As far as I know, so far Paypal has stayed with its system without looking for an update or evolution based on the market trend. It must be clear that as long as they are the first in the world they are going to keep their system, but they must be careful, what happened to Bluckbuster is not going to happen to them.

 

[ELSA-ELI]

As far as I know, so far Paypal has stayed with its system without looking for an update or evolution based on the market trend. It must be clear that as long as they are the first in the world they are going to keep their system, but they must be careful, what happened to Bluckbuster is not going to happen to them.

To some extent I think PayPal has really dorminated the entire world for no apparent reason,Not really privy to the information about Bluckbuster.You can share a little hit more on it as tobthat happened to it?

 

[onlyprofits]

To some extent I think PayPal has really dorminated the entire world for no apparent reason,Not really privy to the information about Bluckbuster.You can share a little hit more on it as tobthat happened to it?

Bluckbuster was the largest movie rental chain, they had branches in many parts of the world, even in my country they had branches in various cities. Before Netflix being the monster it is today, the CEO of this company proposed to the CEO of Bluckbuster to have an online movie department, Bluckbuster rejected the proposal and the CEO of Netflix sought financing through other means and you know the rest of the story , NETFLIX is a monster and Bluckbuster disappeared, he was left with offline movie rentals

 

[Balint098]

Nothing surprising there since for years Paypal was showing indifference toward crypto. Only recently they interested in it and began integration with blockchain.

 

[ELSA-ELI]

Bluckbuster was the largest movie rental chain, they had branches in many parts of the world, even in my country they had branches in various cities. Before Netflix being the monster it is today, the CEO of this company proposed to the CEO of Bluckbuster to have an online movie department, Bluckbuster rejected the proposal and the CEO of Netflix sought financing through other means and you know the rest of the story , NETFLIX is a monster and Bluckbuster disappeared, he was left with offline movie rentals

Ohhh yeah,i kinda of never noticed what happened to Bluckbuster but i never really got the story behind its dwindling era.Thanks for the enlightenment on that subject matter.Netflix is the monster indeed.
So do we see a paynent company that will l surpass PayPal?

 

[Josemendez]

Bluckbuster was the largest movie rental chain, they had branches in many parts of the world, even in my country they had branches in various cities. Before Netflix being the monster it is today, the CEO of this company proposed to the CEO of Bluckbuster to have an online movie department, Bluckbuster rejected the proposal and the CEO of Netflix sought financing through other means and you know the rest of the story , NETFLIX is a monster and Bluckbuster disappeared, he was left with offline movie rentals

This is a sad story . Blockbuster CEO to an extent failed in his duties to fight for his business , he should have done something the initial time Netflix was starting to grow but he relaxed to allow it grow

 

[onlyprofits]

The same thing that happened to Bluckbuster can happen to Paypal, they have stayed with the same system and now have much stricter rules. They block your account for nothing and to unblock it you spend up to 180 days with your money detained in the account.
This Chinese company does not compete with Paypal, since the former is a loan company and Paypal is a payment gateway.

 

[Josemendez]

The same thing that happened to Bluckbuster can happen to Paypal, they have stayed with the same system and now have much stricter rules. They block your account for nothing and to unblock it you spend up to 180 days with your money detained in the account.
This Chinese company does not compete with Paypal, since the former is a loan company and Paypal is a payment gateway.

I agree with you but PayPal may not easily be eliminated anytime soon because companies like payeer and Skrill that is available in most countries unlike PayPal have not been able to fight it off .

 

[onlyprofits]

I agree with you but PayPal may not easily be eliminated anytime soon because companies like payeer and Skrill that is available in most countries unlike PayPal have not been able to fight it off .

That is true, what happens is that Paypal hit first and already has a huge portfolio of loyal customers and in addition to that, you can transfer money from an account in the US to Paypal or vice versa at no cost and the bulk of buyers on the internet are found in the US. On the other hand, I think that Payeer does not have that facility, although it has other benefits such as being able to transform your money into cryptocurrencies

 

[Niftyicon]

I guess this company render it services to mostly the Chinese if true I don't think it worth comparing the company to PayPal because they do different business, PayPal deal on fiat currencies while this deal on Crypto currencies.

With the new development about Paypal, I guess we could put the company and PayPal together now for some comparisons.