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Ripple is looking for a Customer Senior Success Manager in China. To my knowledge this is the first China job offer since some time. Looks like this important market could get more traction. https://cryptoking.org/ripples-china-expansion/

Late last year, Xi Jinping gave a speech declaring that blockchain technology presented an important breakthrough on several key areas within China and that the government intended to utilize the technology. Xi Jinping claimed that the development of distributed ledger technology provided a pivotal moment in which it allowed the Chinese state to reform and improve the inefficiencies found within the Chinese financial market. Stating that “It is necessary to explore the application of ‘blockchain’ in people’s daily life, and actively promote the application of blockchain technology in the fields of education, employment, pension, data-driven poverty alleviation, medical health, anti-counterfeiting, food safety, public welfare, social assistance, etc”. (1) Xi’s speech was in stark contrast to China’s previous posture on blockchain technology, specifically on cryptocurrencies such as BTC. But the public statement displayed that the Chinese government had finally come to an understanding on the potential blockchain technology can provide to the state. Unfortunately, most crypto evangelists took the speech to mean that the Chinese market was opening itself to the publicly traded cryptocurrencies found in crypto exchanges. An appreciation in the total crypto market capitalization only reinforced this notion that China was simply going to adopt the current, open source blockchains present. Weeks passed and China’s historical stance on cryptocurrencies was further fortified when several crypto exchanges halted or ceased services amid speculation of a crackdown within the country. (2) A contradicting development to Xi’s previous speech earlier in the year. However, there has been collaboration and developments by the state in the background that would corroborate Xi’s statements. Financial Access 2020 The foundation was laid at the 2015 World Bank Group–IMF Spring meetings. These meetings resulted in the establishment of the Universal Financial Access 2020 (UFA2020) initiative. The World Bank Group along with both private and public sector partners, committed themselves to promote and enable global financial inclusion in a multi-year program. With the intentions of enabling individuals who are not currently connected to the financial system, to have access to a transaction account to store money while also being able to send and receive payments. Setting a goal of enabling one billion unfinanced individuals to gain access by 2020. Their approach being the development of a platform that has a biometric identity database, virtual payment addressing, and digital payment interoperability. (3) At the time, there were over 30 partners that committed towards the UFA2020 initiative. Participants that now include the likes of Alipay, Du Xiaoman Financial (Baidu), BBVA Microfinance Foundation, CFPA Microfinance, Confederation of West African Financial Institutions (CIF), MasterCard, Pakistan Microfinance Network, State Bank of India, VISA, etc. (4) With each of these partners doing independent projects or collaborations to meet the UFA2020’s target. One such program that was spawned from the UFA2020 initiative, was the Financial Inclusion Global Initiative (FIGI). A three-year program formed by the collaboration between the World Bank Group, the Committee on Payments and Market Infrastructure (CPMI), and the International Telecommunications Union (ITU). The program is funded by the Bill & Melinda Gates Foundation. (5) Their collective goal is “to support and accelerate the implementation of country-led reform actions to meet national financial inclusion targets, and ultimately the global ‘Universal Financial Access 2020’ goal”. (5) This subgroup plans to utilize the “work of the CPMI-World Bank Group Task Force on the Payment Aspects of Financial Inclusion (PAFI), the BMGF’s Level One Project, and the ITU Focus Group – Digital Financial Services, to deliver implementation solutions, deep topical analyses and practical investigations, working toward the goal of Universal Financial Access by 2020”. (5) Bill & Melinda Gates Foundation’s Level One Project is recognized by followers of Ripple due to the project’s development and intention of utilizing the Interledger Protocol to address interoperability between financial systems while helping lower the costs in developing inclusive payment platforms. Thru panels held at the FIGI symposiums, there is apparent dialogue and collaboration between the FIGI organization, the World Bank, and Ripple. (6) China The main purpose of the FIGI receiving grant money from the BMGF in 2017, was to accelerate financial inclusion in developing countries. With three countries being selected to be the focus of the initiative. Those countries being Mexico, Egypt, and China since they contain millions of unbanked individuals. (7) Ultimately, the development and progression of the initiative will be used as models for digital financial inclusion innovations around the globe. And regarding the selected countries, the People’s Bank of China (PBOC) specifically requested support from the World Bank Group to aid in bridging the gap between the Chinese financial system and their citizens found in remote areas. (7) Interesting enough, the FIGI initiative aligned with other partnerships and projects in 2017. Partnerships that were composed of Ripple, Huawei, Mojaloop, etc. As some in the Ripple/XRP community might remember, officials from the PBOC visited the San Francisco Ripple offices in August 2017. (8) The community speculated on numerous possibilities on why Ripple was being visited by PBOC officials but there was no disclosed explanation of the meeting between Ripple and the PBOC. But looking at other announcements from 2017 chronologically, some perspective on the PBOC and Ripple meeting can be gained. First, the PBOC sought guidance and help by the World Bank Group to foster financial inclusion innovation within the country. The FIGI under the UFA2020 initiative, choose China to be one of the three countries focused on fostering innovation early 2017. In August 2017, the PBOC visited the Ripple offices in San Francisco. Two months later, BMGF and Ripple’s collaboration and development on Mojaloop was publicized. (9) Yet one aspect of the announcement on Mojaloop that was overlooked was that four mobile systems companies were brought to help develop an Open API for mobile money interoperability. Those companies being Ericsson, Telepin, Mahindra Comviva, and Huawei. (10) And with a document from the International Telecommunication Union (ITU) on “Digital Currency including Digital Fiat Currency”, we know that the Mojaloop API was designed by the four mobile companies that included Huawei. (11) Huawei and the BMGF have also been collaborating on promoting interoperability and financial inclusion since the previous year. Late 2016, Huawei announced partnership with the Gates Foundation on the Level One Project. (12) With the partnership focusing on developing “scalable, low-cost, interoperable and fraud resistant payment systems will be based on open Application Programming Interfaces (API’s) and help people in the world’s poorest regions improve their lives and build sustainable futures by connecting them with digitally based financial tools and services”. (12) Coincidentally occurring right when the Mojaloop API was being developed in the same Level One Project. Nonetheless, the Mojaloop API seems to be both an innovation and solution both Huawei and the BMGF sought to develop in their partnership. We know that the BMGF and Bill Gates himself, have been aware since 2016 ,of the potential revolution the Interledger Protocol can bring to the financial system1d. With Bill Gates even recognizing how Ripple’s technology can move money across countries efficiently and cheaply. (13) Although Ripple’s known involvement in China is thru LianLian Pay and some possible penetration thru third parties such as AirWallex, there appears to be a potential utilization of the Mojaloop API thru Huawei in FIGI’s project within China. This can potentially explain why Ripple expanded into China with the opening of offices in the country. (14) Outside FIGI Outside of FIGI’s scope in China, there are other developments with UFA2020 affiliates forming and investing in projects that could leverage the Interledger Protocol. A recent example involves a group of Ripple investors and partners raising capital for Currencycloud. Currencycloud is a UK startup that has developed remittance APIs that allows any financial business to integrate money transfer services thru Currencycloud’s platform. A duo of Ripple shareholders in SBI and Siam Commercial Bank participated in the Series E round for the UK startup. But interesting enough, VISA and the World Bank Group’s International Finance Corporation also partook in the series round. (15) Two key members of the UFA2020 initiative. These investors intend to promote and utilize Currencycloud’s API for cross-border payments. While VISA has also entered a partnership with the UK startup. Thrugh the partnership, VISA plans to expand and improve their services by using Currencycloud’s platform. (16) Yet Currencycloud has another notable partnership with the Ripple associate, DWOLLA. DWOLLA is not only known for sharing a seat with Ripple on the US Faster Payments Council but more importantly, for their collaboration in developing the Mojaloop platform. (17) DWOLLA will be leveraging the UK startup’s platform to expand their network for coverage on 38 currencies in 180 countries. (16) And on a final note, Currenycloud has an impressive group of clients that includes The Bill & Melinda Gates Foundation. (16) Furgther adding another affiliate to the assortment of UFA2020 and Ripple partners involved with Currencycloud. (16) Looking at announcements or projects through the perspective of promoting and expanding the Universal Financial Access 2020 initiative, one can conceivably see the purpose and structure of collaborations done by Ripple associates to possibly promote adoption of the Interledger Protocol. 1. https://medium.com/@mablejiang/xi-jinpings-speech-at-the-18th-collective-study-of-the-chinese-political-bureau-of-the-central-1219730677b2 2. https://cointelegraph.com/news/china-5-crypto-exchanges-halt-or-shut-services-amid-perceived-crackdown 3. https://www.worldbank.org/en/topic/financialinclusion/brief/achieving-universal-financial-access-by-2020 4. https://ufa.worldbank.org/en/partners 5. https://www.worldbank.org/en/topic/financialinclusion/brief/figi 6. https://twitter.com/DougMPearce/status/936176649963388928?s=20 7. https://www.devex.com/news/3-model-countries-selected-for-a-new-financial-inclusion-initiative-90778 8. https://twitter.com/Ripple/status/902201846592184320?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^902201846592184320&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fripple-talks-with-peoples-bank-of-china-key-to-chinese-blockchain-market 9. https://ripple.com/insights/news/ripple-the-gates-foundation-team-up-to-level-the-economic-playing-field-for-the-poor/ 10. https://www.gatesfoundation.org/Media-Center/Press-Releases/2017/10/Bill-Melinda-Gates-Foundation-Releases-Open-Source-Software-to-Expand-Access-to-Financial-Services 11. https://www.itu.int/en/ITU-T/focusgroups/dfc/Documents/FGDFC-O-003.pdf 12. http://carrier.huawei.com/minisite/software/mobile-money/foundation.html 13. https://ripple.com/insights/why-bill-gates-believes-2016-will-be-the-year-of-financial-inclusion/ 14. https://www.asiacryptotoday.com/ripple-plan-expansion-to-shanghai-china 15. https://techcrunch.com/2020/01/26/currencycloud-nabs-80m-from-visa-world-bank-group-and-more-for-its-cross-border-payments-api/ 16. https://www.currencycloud.com/company/clients/ 17. https://modusbox.com/announcing-mojaloop-io-an-open-source-software-platform-for-financial-inclusion-to-uplift-the-worlds-poor/

Huawei’s CEO is Not Bullish on Cryptocurrencies Due To Google's "Quantum Computing" A few weeks ago, China’s President Xi Jinping announced that the nation would focus on blockchain technology as the main driver of innovation. A CEO from one of the largest companies in China shares opposite feedback. See the full story below https://www.visionary-finance.com/news/Huawei’s-CEO-is-Not-Bullish-on-Cryptocurrencies-Due-To-Google's

Do You want a scoope new insight to the global financial situation? Read all.. Is Donald Trump actually a genius? Think about it. All Donald Trump Needs to do now, is agree on a free trade deal with ‘Russia’ Who together agree upon a deal with Syria.. providing stores with Food and public shock by technology into one common land!, the agreement is mandatory removal of ALL weapons, and accepting normal standards already incorporated in developing countries. With The USE of this blockchain platform and the use of xrp AS the new currency, he Will force revolution and change history forever! USA would indeed have the means to limit turkey financially, and the evidence supports Trump’s claim to be able to do so! Everything he has done up until this point, fits perfectly within this thin thread of success. I Get chills just thinking about what is unfolding right before our very eyes. The financial trade talk with china can take some time, AS they are Also developing their own currency platform.. this is why whats happening in Syria and the trade talks with China progress so quickly... The wall: just keep a opning so there can be a common entrance point.. and there Will no longer be any problems.. with impeachment looming around the corner, there is no time left, and HE is taking action now! All for the future of America and the contries That join in. Even the queen of England signaled that they are now ready for the free trade, hence, the Brexit. Its the ‘disbelievers’ and High money power on one side, and on the other side, we have Trump Who want a United currency and eventually ‘free’ flow of people.. = huge economic growth! Just imagine the revolution right here at our doorstep, and take part in this amazing journey. We need to Get this political view out to the public! Best of luck! Best regards: Stian Leirmo, a Information science student.

https://xrpripplenews.com/2019/10/13/binance-sg-adds-xrp-1-1-billion-chinese-citizens-can-swap-yuan-for-crypto/

Blog URL: https://xrpcommunity.blog/teamwork-will-raise-xrp-up/ Teamwork is crucial for helping us raise XRP's profile to new heights! I describe why & cover all the latest news in today's blog: 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: China's National Development and Reform Commission (NDRC) lists crypto mining as an activity it recommends be phased out; and Warren Davidson reintroduces the Token Taxonomy Act. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: A huge donation is made to San Francisco State University; xRapid wins an award; Bitstamp is awarded a New York State BitLicense while Bittrex is declined; and the community continues to track xRapid volumes. 𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: A new web monetization-enabled video conferencing service is highlighted by Coil. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind adds a new feature to the XRP Tip Bot; XRPL Labs asks for volunteer beta testers; and David Oliver's proposal to Skype garners just over 2,000 votes thus far. I hope you enjoy the read: Please feel free to share my blog with a friend or share it on any other platform - and thanks for doing so! My blog announcement links on other platforms: Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

The Institute for Fintech Research, Tsinghua University (THUIFR) has partnered with Ripple to launch the Blockchain Technology Research Scholarship Program (BRSP) for graduate students in China...... https://www.crowdfundinsider.com/2019/01/143435-ripple-partners-with-tsinghua-university-to-launch-blockchain-technology-research-scholarship-program/

...is xrp's potential for being used as "reserves." I came across this article that discusses the concept of "forex reserves:" http://www.nbdpress.com/articles/2017-06-08/2632.html Before reading this article, I've heard the concept of xrp "reserves" being purchased by individual companies or market makers as a tool for managing risk and being able to profit from volatility. (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) The concept was always part of a larger topic, and I guess I made a mental note and just kind of said to myself "Well, yeah, that would be cool. I wonder if that would happen with a large retailer like Amazon that does international commerce." I left it there in my thinking, like a shiny bauble that might get my attention again at some point in the future. After all, I'm focused on the big fish - the possibility of RCL taking over for SWIFT. And then I read a simple group of words from this article, and realized I'd been missing the power of a concept all these years. Here's the snippet: Did you catch that amount of USD that China uses for the sole purpose of ForEx? 3.05 trillion. The Concept Nation-state federal reserves will usually carry the main unit of currency used to make ForEx transfers. And currently, US Dollars are the de-facto currency used to do those transfers. What is SAFE? (source: https://en.wikipedia.org/wiki/State_Administration_of_Foreign_Exchange) USD is Currently King of Reserves So how do we arrive at how much USD some other countries might just "store?" To do this, we need to compare the relative size of China's economy with other nations, and do the multiplication. Let's do this with a few different countries where Ripple has already established trade pairings: GDP of China: 11,218,281 ---> 3 trillion in reserves Japan: 4,938,644 ---> 1.3 trillion in reserves? UK: 2,629,188 ---> .7 trillion in reserves? India: 2,256,397 ---> .6 trillion in reserves? South Korea: 1,411,246 ---> .37 trillion in reserves? Basically, we can roughly estimate that these combined countries store approximately 6 trillion USD in reserves. Also, consider the fact that I'm not even considering businesses within these countries. Large companies tend to want to keep their own reserves of USD for exchange as well. And these companies can store very large quantities of USD in their corporate treasuries as well. I don't *think* nations would ever store a digital asset issued by a private company as a reserve, or if they did, it would be for boutique purposes most likely. A more likely scenario under the current system would be central reserves creating their own IOU on RCL. However, we can use the concept of "reserve" to understand how very large companies might want to snap up XRP at large quantities. So now, go back to the articles here on XRPChat where JoelKatz was talking about the concept of "reserves," and now three of his points should make more sense: (source: _https://www.xrpchat.com/topic/5280-valuation-models-xrp-the-digital-currency-vs-ripple-the-company/?do=findComment&comment=50182_) This is the way currency "reserves" work now for nations - and for large companies - and it is a very exciting prospect for XRP! What About the Future For World Reserve Currencies? There is a possibility that XRP could play a role in national reserves: In an exciting development, a report by the UN Conference on Trade and Development calls for abandoning the US Dollar s the single reserve currency. It says that the new reserve system should (Source: http://www.reuters.com/article/us-dollar-reserves-un-idUSTRE65S40620100629 ) The report goes even further: IMF Connection to Ripple So now we see the connection to the IMF, and now we can understand much better what Chris Larsen (and Ripple's) role *might* involve with the IMF Advisory Committee. If the SDR's are going to operate using a "basket of currencies", what technology do you think is best for representing that basket using an IMF-backed, redeemable IOU? Seriously? This type of usage couldn't be a better fit for RCL and XRP. Is your crypto portfolio on the right side of history? ###### DISCLAIMERS ###### THIS IS NOT INVESTMENT ADVICE PLEASE DO NOT TRADE CRYPTO WITH LEVERAGE I DO NOT HAVE ANY INSIDE INFORMATION I STILL OWN MTG CARDS

Hello What do you think are the implications of this news..both partners of Ripple.. America Express finally allowed into the Chinese market..LianLian as a partner https://www.reuters.com/article/us-china-economy-americanexpress-idUSKCN1NE0T7?utm_campaign=trueAnthem:+Trending+Content&utm_content=5be55f5c04d3015e049aec60&utm_medium=trueAnthem&utm_source=twitter

Precision is a necessary ingredient for sustained success in any field; I discuss why this is, and cover the latest about crypto regulation and the headline developments about xRapid. In addition, two wallets - one a hardware wallet - announce that they are adding support for XRP. Also, read to discover exciting community developments such as the ability for the public to run their own queries against a database of XRP transactions. I hope you enjoy today's read & please leave any feedback below. Feel free to share my blog with a friend or family & on any other platform that you wish - and thanks for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Reddit r/alternativecoin Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

https://www.coindesk.com/worlds-largest-bank-eyes-faster-asset-exchange-with-blockchain/ Not Ripple tech at this moment yet it's a confirmation the use case is very real.

Find yourself checking your phone incessantly? You're not alone! Today's blog is about the mobile trend and it's effect on xrp! In addition, there is some news about exchanges, interesting poll results, and a new video of JoelKatz and Justmoon. Hope you enjoy - please leave any feedback below. Feel free to share my blog with a friend or on any other platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

This is my first post on this forum, so I'd like to take this opportunity to express my gratitude to the members of this great community and my privilege to be part of the XRP army. At the outset, I generally do not condone baseless speculation. However, 1. I don't consider the facts below as "baseless", and 2. I'm merely raising a question to anyone in the forum with macroeconomic insight. With the advent of the Petro-Yuan futures a few days ago, the efforts and intentions by China are clear: to internationalize its currency and force its trading partners to accept Yuan for its oil purchases. What's more, since some of the oil exporting nations are hesitant to sell their product in Yuan, China is making gold convertible to Yuan as source liquidity for the oil purchase. Some economist say it is the beginning of the end of the petrodollar, others say the price of Gold will skyrocket. I'm not an economist so I wouldn't know, but the purchasing mechanics of this revelation in oil commerce sounded all too familiar to me when I first read about it; i.e. Fiat -> gold -> Fiat for oil. An increasing gold value will not only come naturally, but "a higher price/liquidity also means we can target higher value payments" - to use the words of the great @JoelKatz At the same time, we know that Ripple is progressively pursuing a position in China. From the latest @Hodor blog: "..understand that China just decided to opt for a licensing approach for fintech firms wishing to enter the payments space in China". A move that would legitimize/institutionalize the Chinese adopted fintech infrastructure of the future. Hodor continues: "I think this move by China’s regulatory bodies is a direct result of momentum that has clearly been building behind Ripple’s strategy of closely advising the worlds’ central banks", "[Ripple] has also hosted a delegation from China’s central bank" For those that don't know, China is the world's largest importer of oil with not nearly enough gold to back up their oil demand. To continue listing of relevant facts, Saudi Arabia (incidentally the world's largest exporter of oil) and its central bank, SAMA, have signed a deal with Ripple back in February to manage cross-boarder payments. The Arab Exchange Market Secretary General, Fadi Khalaf, said that United Arab Emirate banks are aiming for a similar agreement. (UAE is the 5th largest exporter of oil). Im not trying to prove what is probably a non-existent connection. My questions are the following: Are we witnessing a blockchain-backed, oil commerce infrastructure in the making? (Does that even make sense?) Knowing that China might soon no longer buy oil in any currency except its own, and for the oil exporting nations that will shy away from accepting Yuan as a payment, would China lose out or benefit from utilizing a digital asset to source liquidity for oil trade in lieu of gold? What role could XRP play and what impact would it have on the exporting States? China is responsible for 8 out of 45 millions barrels a day of global oil imports, with oil futures trade being 30x the physical oil trade. At 65$ a barrel, what would that daily volume do to the XRP price? Hope to get some insightful feedback and good discussion. In the meantime (3 days later) this: https://cryptodaily.co.uk/2018/04/ripple-partners-bpg-emetal-digital-stock-exchange-metal/ #justsaying

It's my 100th Hodor Blog! In this latest blog entry, I connect the dots on China, and discuss fascinating wallet stats. Also, Ripple's deal with Cambridge is profiled by the prestigious Nilson Report. Hope you enjoy & please leave any feedback below: Also, please feel free to share my blog with a friend or on any other social media platform - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

As of Thursday morning, ETH prices are up 0.43% against the U.S. dollar and the Ethereum to USD exchange rate is around $870.60. China’s crypto crackdown goes international? Blockchain startups receive SEC subpoenas CFTC lets employees trade cryptos Read Here... https://www.profitconfidential.com/cryptocurrency/ethereum/ethereum-price-forecast-china-sec-probe-cftc-rules-change/?utm_source=rp.etoro&utm_medium=referral

So Chinese New Year ends on the 21st of Feb could we see some market movement once the holiday has finished?

Can the crypto markets safely put regulations in the rear-view mirror in 2018. Short answer: Yes. You'll have to read my blog to discover why I'm so confident that regulation will not impact crypto or XRP in 2018. Hope you enjoy - please leave any feedback below. Feel free to share my blog with a friend or on any other media - and thank you for doing so! Twitter Reddit r/Ripple Reddit r/CryptoCurrency Reddit r/CryptoMarkets Reddit r/xrp Reddit r/RippleTalk Bitcointalk - alt coin sub forum Bitcointalk - XRP speculation thread

Apologies for the long post but the Lian Lian announcement needs to be unpacked a bit because I find this fascinating and pretty exciting stuff. Happy to have the ideas tested a bit by the smart cookies on XRPChat. TL;DR? How Ripple is triggering a battle to become the new banking superpower in Asia. A key issue for China is their concern about currency outflows so any organisation that simplifies international remittance at a retail level will be under the spotlight. They know that wealthy Chinese nationals are using HK as a gateway to move funds out of China and they need to control that outflow. Some countries are making that job easier for China as part of trade negotiations - e.g. Australia imposed strict foreign investment rules that has had an immediate impact on foreign (read Chinese) investment in the Australian property market. That's not the whole story because the Chinese can't simply throw the baby out with the bathwater here. The Chinese have spent the better part of the last 40 years building up close economic ties and foreign investment in ASEAN, African and South American nations so international remittance becomes a very, very big deal. The Central Committee will therefore be watching this experiment very carefully. Why "experiment"? Since the Deng era, the Chinese government has been conducting all types of regional economic experiments in "Special Economic Zones". They often let the region run them on an informal basis (nods and winks) even where the practice is contrary to national laws. Then they sit back and watch to see how it plays out. One of the earliest examples were those conducted by Xi Zhongxun in Guandong Province in 1979. Who's Xi Zhongxun, you ask? Xi Zhongxun was the father of the PRC's current president, Xi Jinping. Xi therefore grew up in a region that was the Great Southern Gateway to Hong Kong and the West and a study case for testing capitalist ideas. That context should provide us with a clear pointer for where Xi and the Central Committee is heading with this. If this experiment is successful and avoids major financial pitfalls and adverse societal impact, any prohibitions mysteriously lift (sometimes without announcement) and we see the experiment converted into national policy. The acceleration after that is then unleashed (which is why I believe the introduction of xRapid won't be gradual, it will be sudden and explosive). The Chinese Government moves so quickly on regulation/de-regulation you can get whip-lash trying to keep up. Or worse, you wake up and find yourself in jail. What we are watching is effectively a banking technology arms race: we see a resurgent Shinzo Abe working the international circuit like you wouldn't believe, spruiking the Japanese economic recovery and drumming up support to have Japan become a Westerner-friendly counter-balance to China in Asia. The moves by SBI and Japanese FIs are significant for Ripple and XRP because it forces China/HK to play catch up and they won't like it for two main reasons: bare-knuckle nationalism and the battle to become a banking superpower in Asia. Singapore is the next one to watch. Thanks to the nature of Chinese politics and history, they can afford to calculate in generations, not years. Japan is more or less a single-party state so its political elite are effectively in the same position of strength. As is Singapore. All of this levels out the playing field and puts the heat on China who are, nonetheless, masters of the (very) long game. I bet the Central Committee is scrambling to formulate a coherent policy as we speak because they can't afford to be late to the party when the tectonic plates are shifting (apologies for the mixed metaphors). Luckily for us, they have the best and brightest working long hours to test the various scenarios including this "little experiment" being run by Lian Lian. I've stopped eating popcorn. It's just too much.

*Shortened link removed*

https://coinsforest.com/p/6440/

Check the link and translation below (!). Any experience around on that Chinese website and / or the mentioned bank? https://coinsforest.com/p/6440/

I came across this link.... I am not sure if its true, its NOT officially confirmed by Ripple of International media... https://coinsforest.com/p/6440/ 北京市に本店を置く中華人民共和国第3の商業銀行であり、世界第5位にランクされる中国銀行はフィンテック計画を発表した。 同銀行は、今後リップルの技術を国際決済に取り入れると明かした。 大手金融企業のリップル技術導入は着々と広まっている。リップル社の技術を使うことで「低い手数料で、即座に送金し、リアルタイムで双方が確認」することが出来る。 ⇒「セキュリティ状況から取引所を選ぶ」を読む I translated above text into my native language and it mentioned that Ripple is going to work with The Bank of China (third largest bank) Would be nice >> But its not official....

Appears that Ripple is going to set up another joint venture, Ripple China soon or it's in progress. Head of China operation and Sr. solution director jobs opening, https://ripple.com/company/careers/all-jobs/#head-of-china-operations

I dont know if it has been posted already but there has been an agreement between SBI VC and China huobi and it seems to me the all pieces of puzzles are coming together with more and more countries joining the game, and ultimately will help XRP being SBI's major partner. "Develop virtual currency related business in Asian region centering on ChinaHuobiFubby Notice of basic agreement on capital and business tie-up with group"

I dont know if it has been posted already but there has been an agreement between SBI VC and China huobi and it seems to me the all pieces of puzzles are coming together with more and more countries joining the game, and ultimately will help XRP being SBI's major partner. "Develop virtual currency related business in Asian region centering on ChinaHuobiFubby Notice of basic agreement on capital and business tie-up with group"