Ripple Seeks China Expansion, But Not as Cryptocurrency

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

Wed, 15/08/2018 - 18:01

Ripple Seeks China Expansion, But Not as Cryptocurrency

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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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Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.