Ripple Confirms China Expansion Plans

[sheld0n]

Ripple is opening up about its plans to enter one of the world's largest markets in China. In new statements to CoinDesk, the San Francisco blockchain startup aimed to address rumors that first appeared last Thursday on XRP Chat, a forum dedicated to gossip and commentary on both the company and its technology. In short – yes, the blockchain company is planning to set up operations in China, but no, it's not doing so with the help of one of the region's e-commerce giants.

[lakimens]

Problem with Ripple is that they're not spreading the coin, just the technology.

[invest2lose]

https://www.xrpchat.com/topic/8471-my-conversation-with-david-schwartz-aka-joel-katz/?tab=comments#comment-81400

[styca]

Problem with Ripple is that they're not spreading the coin, just the technology.

The coin is used on the ledger, so the tech comes before the coin.
Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense.

[invest2lose]

Problem with Ripple is that they're not spreading the coin, just the technology.

The coin is used on the ledger, so the tech comes before the coin.
Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense.

people are going to miss out on being rich due to this type of fud.

[Mett33]

Problem with Ripple is that they're not spreading the coin, just the technology.

They have to spread technology to spread coin. They do the right thing.

"The stock market is a device for transferring money from the impatient to the patient" Warren Buffet.

So calm down everything will come.

[ðºÞæ]

Problem with Ripple is that they're not spreading the coin, just the technology.

Ripples problems are many. One of the biggest is continuous misinformation just like op again. It is not a San Francisco Company as no xrp sales tax is paid in California and it is certainly not a Blockcain. Blockchains dont loose data because it gets overwritten and supply does not become less form time to time.

China is as good as cash less this days.  Just about every payment is with WeChat and to a lesser extend Alipay mobile phone apps.
It is instant and 100% free, in fact you get paid using it (occasionally).
It goes as far as Apple complaining about its phone being used exclusively for one app.

[fatlever]

Problem with Ripple is that they're not spreading the coin, just the technology.

The coin is used on the ledger, so the tech comes before the coin.
Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense.

people are going to miss out on being rich due to this type of fud.

Yeah, I missed out  buying XRP at $.30 when someone tipped me on ANS was $.55.  I missed so much gains but still got $7.95 NEO.  I don't care about  what's in circulation vs escrow, there are $100 billion XRP total.  In order for XRP to be just $1, the real XRP marketcap would be $100 Billion.  How likely is that?!  Pretty much for XRP to be $1, it's like XRP would have to be larger than the entire crypto space.  

Are to risk money for a 4X gain that seems very unlikely?

[invest2lose]

Problem with Ripple is that they're not spreading the coin, just the technology.

The coin is used on the ledger, so the tech comes before the coin.
Everything I've seen points to XRP being used in the long-term. The alternatives (banks using their own coin, etc) don't make financial sense.

people are going to miss out on being rich due to this type of fud.

Yeah, I missed out  buying XRP at $.30 when someone tipped me on ANS was $.55.  I missed so much gains but still got $7.95 NEO.  I don't care about  what's in circulation vs escrow, there are $100 billion XRP total.  In order for XRP to be just $1, the real XRP marketcap would be $100 Billion.  How likely is that?!  Pretty much for XRP to be $1, it's like XRP would have to be larger than the entire crypto space.  

Are to risk money for a 4X gain that seems very unlikely?

as more banks sign on to use xrp/ripple, the value of xrp will climb. we're not talking 4x gains here.

[xFiber]

So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.

[alyssa85]

So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.

The question is, has Ripple actually achieved any of their plans? Does anyone actually use either their tech or their coin?

[fatlever]

as more banks sign on to use xrp/ripple, the value of xrp will climb. we're not talking 4x gains here.

Banks are going to buy straight from Ripple at a discount not from us.  Plus, there were 2,006,543,234 more XRP released and sold between Jan. 1 2017 and today.  Think about that!  Now add the billions that XRP bagholders can't wait to dump if the price rises to a level where they don't feel they lost too much money.

[NavySeals]

So they're announcing that they have plans to work in China. That just seems like a desperate attempt to pump some life into cripple. I am soo glad I didn't invest into this dying coin.

The question is, has Ripple actually achieved any of their plans? Does anyone actually use either their tech or their coin?

Well, they are only plans. They give a road map, and we don't see any of them happened. They early said that they will hire lots of engineers and developers. I don't see expansion of the developer team.

This China plan is the same story like others.

[thebatletbet]

i think is very good if riple(XRP) promote and expanse market to china
and added to major china exchanger, huobi and okcoin, because major altcoin litecoin and etherum is ready open market in china exchanger

[Insanerman]

i think is very good if riple(XRP) promote and expanse market to china
and added to major china exchanger, huobi and okcoin, because major altcoin litecoin and etherum is ready open market in china exchanger

Indeed, XRP is suffering almost 50% drop already from its previous higher price. I hope XRP management is aggressive to push this move since China is a huge market  demands. Time to accumulate?

[MadPanda]

I'm glad ripple is expanding I know plenty of people who are invest  but I just cant do it...I mean don't you guys see this coin as the Anti Crypto? Sure its a well structured idea but I means the whole idea of crypto is to be decentralized right? Unless you don't mind  throwing principles out the window.

[Tipstar]

I'm glad ripple is expanding I know plenty of people who are invest  but I just cant do it...I mean don't you guys see this coin as the Anti Crypto? Sure its a well structured idea but I means the whole idea of crypto is to be decentralized right? Unless you don't mind  throwing principles out the window.

True. Though being advertised as a cryptocurrency, the Ripple pvt co. is as centralized as possible and would probably sell users data to the authorities like the traditional payment gateways do.

[kolap]

It's probably already too late.

[Ethereuming]

In China there are cash money. In the US there are debts. So China move is needed.

[adam1230]

For international payments China is a must be. We need a trustable network to make payments. I already know Ripple made some good agreements with Regulated Banks all around the world.
And also today ripple price is really nice to invest in.