King34Maine Posted October 30, 2018 Share Posted October 30, 2018 3 minutes ago, mistatee2000 said: Either that or Ripple has lost all hope This is very true, as entering the Chinese marketplace lends itself to be a very complicated task. It is no secret that China has zero tolerance for disruption of any kind to their economy from any foreign entities, much less their banking/financial infrastructure. Also, Ripple, being a US-based fintech, will be under even more scrutiny in the eyes of the Chinese government etc. Plus, you throw in the geo-politico issues that are going on between the US and China over tariffs et al further complicates entry into the country's financial district. If you hadn’t noticed, both of the Joint Venture job postings (i.e. Country Manager and Project Manager) for China and Asia regions report directly to Okita Takashi, SBI-Ripple Consortium CEO and not Brad G. I believe this to have been a strategic move and exceptional foresight by Ripple to let Japan be the face for the SBI partnership to the Asian markets (due to Japan's connections and partnerships with China), while Ripple focuses on the tech side of things. I'm not saying Ripple won't have a say, but they will just have a more behind the scenes role (i.e. silent partner). With all that being said, I am still very much bullish for Ripple when it comes to China. Ripple has at least 4 entry points into China that we know of already as they are partnered with LianLian International (China's 4th largest payments processor), American Express (the only US credit card provider to gain PBOC's approval to operate in the mainland), Airwallex and as mentioned earlier, the SBI-Ripple joint venture. Ripple needs China on its side, especially as China's leverage and stature in Asia, Europe, Africa, and MENA are on the rise. Let's not forget that Africa, MENA, and ASEAN countries are where the next wave of industrial/economic growth/expansion will occur, and China is at the heart of it all. I'm not sure how familiar many are with China's Belt And Road Initiative, but it might be of benefit to read up on this project. Pablo, mistatee2000 and Rose 2 1 Link to comment Share on other sites More sharing options...
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