Surbhi Sagar (Sagar Sarbhai), CEO of Ripple in the Asia-Pacific region, said that it is absolutely sure that the Ripple payment solution based on the blockchain will allow the company to enter the China market this year.
Surbhi explained that, although to make any official statements very early, but his team has already discussed with regulators, banks and payment system providers the possibility of entering the Chinese industrial market by the end of this year.
Newspaper Express suggests that in the first place the company will launch in China, its service xCurrent, allowing banks to quickly organize a system of cross-border payments.
“This year you will see more news from China of an educational character, differentiating us from some other cryptocurrencies,” said Surbhi.
Recall that in the past financial year, the startup has organized a meeting with the representatives of the people’s Bank of China (PBOC), and the CEO, Ripple, brad Garlinghouse (Brad Garlinghouse), said that the company is preparing to enter the Chinese market. However, according to Serbia, these plans were delayed due to the absence in China of a clear regulatory framework around the blockchain and the digital currencies.
Despite the fact that the expansion of Ripple until it reached mainland China in February to the network RippleNet joined Chinese payment provider LianLian, based in Hong Kong.