Ripple Seeks China Expansion, But Not as Cryptocurrency

  • Alex Dovbnya
    📰 News

    Ripple is making a foray into the Chinese market with its Blockchain-based payment technology. Back in February, they teamed with Chinese payment processor LianLian


Ripple Seeks China Expansion, But Not as Cryptocurrency

Ripple is making a foray into the Chinese market with its Blockchain-based payment technology, the company’s VP Jeremy Light told CNBC. Back in February, they also teamed up with the fourth largest Chinese payment processor LianLian in order to create a platform for conducting international transactions.  

The firm will not make an effort to promote crypto adoption here given China’s major clampdown on digital assets. This trend, however, is also seen in other countries– financial companies still feel apathetic about Ripple as a currency.        
 

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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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