Ripple Eyes Expansion in China, Executive States

Ripple is considering the Chinese market as a potential area for growth. The company aims to utilize its distributed ledger technology (DLT) to enhance the speed of international transfers, according to Jeremy Light, Ripple’s vice president of EU strategic accounts.

“China is definitely a country and region of interest,” Light stated.

Unlike other projects, Ripple focuses on functioning as a payment processing system that can operate independently of the XRP token. The company aims to clearly differentiate between its two brands, Ripple and XRP.

Ripple has established partnerships with several banks and payment institutions across various regions, furthering its mission in the financial technology space.