Ripple is Targeting China for Cross Border Payments

Ripple’s vice president of European Union strategic accounts Jeremy Light tells CNBC that the company sees China and the region as a target for cross border payments; Ripple recently did a partnership with Hong Kong based LianLian International to power their cross border transactions between China, U.S. and Europe; Ripple has started to make inroads into the region but has a long way to go in China; more than 100 financial institutions are signed up with Ripple, most use their xCurrent product to settle payments instantly. Source.