china has just revealed secret agreement with xrp xrp to 70 thousand dollars recently the
people's bank of china pbozy visited coinbase and ripple as part of an american research delegation
which spoke about the significant problem of cryptocurrency welcome to the rich club
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end to like and subscribe welcome china's central bank industry academic leaders to hashtag ripplehq
to discuss the latest hashtag blockchain trends as bitcoin and blockchain technologies move to a more
massive introduction to the market many companies are showing interest in studying and penetrating
the platforms of cryptocurrencies and blockchains ripple investors are looking forward to the
cooperation of ripple in china in solving the problem of the blockchain market in the country
ripple is the creator and developer of the ripple payment and exchange network
the company is based in san francisco california ripple is just a renaming of opencoin ripple's
blockchain focuses on banks global payments and digital exchange china has a huge network
or connection when it comes to business and consumers it is tempting for ripple to enter the
chinese market because it will be a great success for the company china is looking to expand its
ties in the global trade market and the steady growth of china's presence in the e-commerce
sector will largely require low transaction fees cheap and fast payment systems it is known that
china follows strict rules and security when it comes to banking and financial transactions
in fact recent warnings about unregulated icos have forced some companies serving mainly chinese
investors to suspend their activities ripple's business services revolve around bank transfers
ripple ceo brad garlinghouse expects the company to enter the consumer market in five years ripple
has already confirmed the expansion of its business with the central bank of china china
is currently exploring a digital currency and the possibility of having its own cryptocurrency
a fintech company and representatives of the central bank of china are negotiating a publicly
available rcl blockchain platform or what they call the ripple consensus ledger the delegation
is designed to promote financial technologies between china and the united states ripple had a
presentation with officials in particular about the nature of the public blockchain the global
payment ecosystem and how they will benefit from the application of the principle of the blockchain
platform its offer of low service fees and fast pace of transactions in real time although there
is no official announcement about the expansion of the business of the central bank of china
and ripple yet people are looking forward to great news and cooperation between the two organizations
according to russia today our three major players china russia and india intend to abandon the use
of the swift money transfer system and create their own network for fast payments by connecting
existing electronic payment systems some members of the ripple community hope that the new payment
system used between the three largest countries will use xrp to provide liquidity the rt report
says that the russian payment system spfs is going to connect with the chinese payment system cips
india has not yet launched a similar project but local engineers are working on its creation
meanwhile india intends to connect to the russian transnational payment system back in 2014 russia
started working on its spfs payment system when the u.s said it could cut off the country from
using swift the first tests of the new platform took place two years ago discussing the news about
the recent blockchain boom in china caused by the statement of president xi jinping and the story
that russia china and india are joining forces in the field of transnational payments some members
of the xrp community suggested that xrp may be a coin chosen to provide liquidity in a new joint
system russia china india to set up alternative to swift payment system to connect 3 billion people
do you think china plans to bring in a quantum financial system with xrp to provide global
liquidity china is coming stay tuned you will be a part of the financial industry god bless you all
their hopes seem to be based on this ripple meeting with representatives of the chinese
central bank in 2017 welcome china's central bank industry academic leaders to hashtag ripplehq to
discuss the latest blockchain trends as you today previously reported the central bank of china nbk
is working on its own centralized digital currency which is often referred to as the chinese coin
yesterday huang chi fan executive vice president of the china center for international economic
exchange revealed the actual name of the coin dcep the abbreviation stands for electronic payment in
digital currency online trading in china is huge and it is only growing in fact the volume of the
chinese e-commerce market in 2017 amounted to 672 billion dollars this is the largest contribution
to the global ecommerce market of four trillion dollars and cross-border e-commerce transactions
in the country are projected to reach one dollar 32 trillion in 2018 in order to support the influx
of global payments sent to the chinese e-commerce market and provide excellent customer service
lianlean international a leading chinese money service company licensed in hong kong and with 150
million registered users in the region has joined ripplenet to receive real-time cross-border money
transfers bill payments and payments e-commerce liane lien will use x-current ripple settlement
solution that offers end-to-end tracking to carry out cross-border transactions between china the us
and europe lien leona joins ripple's existing network of more than 100 financial institutions to
provide its customers with faster cheaper and more convenient solutions for cross-border payments
every year liam lien processes billions of payments between merchants and consumers
including major online retailers such as amazon aliexpress and ebay making it one of the largest
money service companies serving china's huge e-commerce market liam lien international is
a leader in payments both in china and abroad as evidenced by the large number of our sellers and
partners said liam lee and ceo arthur zhu with ripplenet we will further expand this experience
and increase our market share by offering customers blockchain-based instant payments in the
19 currencies we currently support we look forward to working with ripple to strengthen payment flows
between china and ripple net participants in new markets ex-current is ripple's enterprise software
solution that allows banks to instantly make cross-border payments with end-to-end tracking
xcurrent will significantly increase efficiency by opening the door to more transactions between
sellers and consumers in china and other markets the addition of lien lien also serves as the main
gateway to china for other ripple net members due to the fact that financial institutions in
japan south korea thailand and india are already connected to ripple net the volume of transactions
between participants can be carried out more efficiently and at a lower cost cross-border
payments related to china's e-commerce market reached one dollar zero seven trillion in 2017
there is a huge opportunity to make these payments faster and more cost effective said amy yoshikawa
director of joint venture partnerships at ripple the live xrp price today is zero dollars 88 us
dollars with a 24 hour trading volume of 3 billion 740 million us dollars
we update our xrp to usd price in real time xrp is down zero four percent in the last
24 hours do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel
you