RIPPLE MAKES PUBLIC ITS INTEREST FOR THE CHINESE MARKET AND AWAKES ASSOCIATION WITH ALIBABA

in #bitshares7 years ago

Ripple's associate partner director Emi Yoshikawa told a media outlet her interest in expanding its services to the Chinese market, as well as another company spokeswoman said they are not working with Alibaba for Achieve this objective.

With regard to the recent rumor that spread in a virtual forum called XRP Chat, in which they indicated that Alibaba had run a validating node of Ripple, a spokesman of this blockchain platform denied such information. On the other hand, Yoshikawa reaffirmed his interest in operating in China. In statements made to CoinDesk, Yoshikawa said:
China is a key market for a global payment network, so we are looking to build a presence there. The total value of cross-border payment [business-to-business] involving China is $ 5 billion a year, and China's large e-commerce market currently lacks a highly efficient and low-cost solution.

Emi Yoshikawa
Director of Associates, Ripple
It should be noted that Ripple is already present in Asia, specifically in Thailand, with the Krungsri Bank, and in Japan, 47 Japanese banks with SBI Ripple Asia carried out the test phase of this blockchain, with a view to developing Its implementation in a commercial phase.

In addition, the Bank of England has also shown interest in Ripple, so last month the cross-border payment tests were completed. Also, the banking giant of Spain, BBVA, has shown inclination for this platform, since last April they executed test transactions between Mexico and that Iberian nation.

It is worth remembering that Ripple is a blockchain platform directed to the banking sphere, in which, unlike the banking entities, there is no institutional hierarchy that regulates the transactions that are carried out. In addition, this network has a capital in the market that is only surpassed by Bitcoin and Ethereum, and also has its own cryptoactive, known as XRP.

Coin Marketplace

STEEM 0.39
TRX 0.12
JST 0.040
BTC 70118.22
ETH 3546.28
USDT 1.00
SBD 4.89