The Governor of the People’s Bank of China (PBoC) has said it is open to digital currencies that don’t disrupt the financial system.
He also said that it would accept cryptocurrencies that ‘bring efficiency, low cost and safety’ to consumers as long as they ‘don’t directly conflict with the current financial stability and financial order,
btw, Ripple Labs has many business ties on China and months ago it hosted a Chinese delegation of academics, central bank officials and relevant industry officials at its headquarters in Silicon Valley.
>As Long As They Don’t Disrupt Traditional Finance
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Evan Reyes
Reminder: regulations remain the #1 threat to crypto, and Ripple Labs got that covered.
>powerful and well connected board of directors >sits on a federal reserve task force >sits on US Fintech Advisory Board
Austin Lopez
We moonin bois
Thomas Cruz
and by that he means abolish.
Ripple will disrupt, but in a good way.
Colton Richardson
Ripple has 0 chance of being sued officially or supported by China or its banks. it's absolutely moronic or just uninformed to think China will adopt it.
they will make their own similar version, as they do with everything. If you honestly believe ripple wil be used in China you don't understand the country very well. The Visa WorldPay vs China Union Pay is a basic example for you.
If it was Chinese in origin, it might have stood a chance.
Ryder Lopez
This. I'm sorry to shit in your cereal op but China will just carbon copy it and say they made it.
Landon Williams
What will they use then? Neo?
Lucas Hall
This. I'm all-in on XRP, but the Chinese delegation was probably just visiting Ripple Labs to steal as many good ideas as possible. When will white people learn?
Carter Lee
retard, it's pointless to create your own network when the goal is to network with everyone.
China won't create its own Ripple for the same reason it didn't create its own internet.
Chinese payment provider LianLian International is joining RippleNet, the payment network that uses Ripple's blockchain technology to facilitate cross-border transactions.
>The Visa WorldPay vs China Union Pay is a basic example for you.
because Visa can block anyone, with Ripple, each node chooses a list of validators. China will definitely have a decent share of validators in the future.
btw, the validators role is to simply agree on an order for the new transactions, they can't double spend.
Gavin Ross
A Chinese firm will literally copy it and they'll use that. Copyright and intellectual property mean literally nothing in China. Another prime example is, and I can't remember the Chinese auto makers name, but they basically copied bolt for bolt the BMW X5 suv. BMW took them to court in China and the Chinese judge said he saw no similarities. And it was an almost perfect 1:1 copy with a shittier motor.
Alexander Howard
Ripple is open source, why aren't banks copying it?
the answer is: NETWORK EFFECT
you want everyone to be on the same network so you can transact with them.
Jackson Nelson
not saying they will use ripple, they probably never will but I wonder they will use to transform their citizens to nodes and for what purpose.
Jose Ramirez
Well buddy for your sake I hope you're right, but I'll be fucking surprised as hell
banks that don't join Ripple will have high costs and lose customers
Jeremiah Torres
They kinda did create their own internet user
Bentley Long
in other words, ripple will never rise in price.
great for users, bad for speculators - which is what we all are.
Jeremiah Perry
what does the price of ripple coin to do with that? crypto is a bubble. screencap this.
Hunter Gutierrez
higher price = higher volume = lower volatility = higher liquidity = more revenue for Ripple Labs
XRP is the only native digital asset on Ripple. It will rise in value. Just the fact that it won't disappear like most coins in few years makes it valuable.
Austin Hall
you have to be a special kind of moron to think China would ever adopt Ripple What they're going to do is create their own.
Mason Cox
see , retard
Elijah Ramirez
>please buy by ripplecoin bags so I can buy the bitcoin dip
Cameron Taylor
lol you can keep your shitty slow and expensive coin
Caleb Roberts
...
Jonathan Howard
...
Christian Fisher
looking forward to their pink wojaks
Jayden Bennett
>china using a US based coin
are you delusional or just retarded?
Jordan Harris
it's internet based, retard.
William Martin
Why would we want to do transactions with fractions of some random currency that we have to convert our dollars to and is volatile? Why not fork the source code and make a token tethered to USD?
Joshua Hill
>and make a token tethered to USD?
-counerparty risk -laws that exclude some countries -politics (countries like Russia and China and shifting away from USD
XRP is a native asset on the ledger, and they only need to hold it for a short time.
