The appetite of Asian markets to Ripple growing. XRP will go up?

Ripple Inc continues to focus on expanding its services and entering new markets. Having won numerous customers throughout the Americas and Europe, the next logical strategic target of the company is Asia. The head of the Department for the regulation of relations in Europe, Dan Morgan, told about the interest of the Asian market to Ripple at the London Summit Blockchain CryptoCompare & MJAC. According to him, the Asian market is increasingly interested in the technological solutions offered by the company.

The Asian region is a challenging environment for most companies. Especially if they like Ripple offer services, which regulators still are treated with great skepticism. And although China is one of the leading markets for OTC trading Bitcoin, he strongly promotes a policy against cryptocurrency.

Writes Ethereumworldnews, after lengthy negotiations, the Ripple still managed to gain a foothold in China, and this opens up completely unprecedented promise and is a harbinger of growth coins XRP. Thanks to a partnership with LianLian Group and American Express company will handle credit card payments in its own network without resorting to the traditional system, which involved a state network.

It is too early to say anything, but we are seeing significant appetite from Asian markets. They have a great need for solutions for money transfers, because in the traditional banking sector, these services cost too much.

According to Morgan, Ripple is able to provide effective solutions that will optimize the operation of markets. In Asian markets, it is increasingly common application xRapid and transactions in XRP.

Source: TNW

He also noted that currently the Asian region lacks a more transparent regulatory legislation not only in relation to cryptocurrency and blockchain technology in General. According to Morgan, is now a key area of extension Ripple in the Asian continent is Thailand. In the short term, the company considers Japan. More data look at cryptodata.

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