Ripple Executive Says the Company is Eyeing an Expansion into China

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A Ripple executive has said that the distributed payments service provider is looking to expand their operations in China. However, it seems unlikely that such a move would translate into greater usage of the platform’s digital currency, XRP.Banks Love Ripple but Have Little Interest in XRPThe vice president of Ripple’s strategic accounts in Europe, Jeremy Light, stated that the company were eyeing China to expand usage of its distributed ledger platform. The executive spoke to CNBC via a telephone interview:“China is definitely of interest, it is definitely a target… China is definitely a country and region of interest.”Many non-corporate fans of the Ripple project believe that its digital currency, XRP, is simply an alternate version of Bitcoin that various global banks have embraced. However, this is not the case. Although it is certainly true that the likes of Santander, UBS, and Standard Charter are interested in some aspects of