Good Ripple News: KFH Will Join Ripple Net, and Ripple Will Target the Chinese Market

Ripple, which performed outstandingly in the financial feild, is the third largest cryptocurrency based on a market capitalization of more than $12.59 billion.

 

1. Kuwait Finance House will use the Ripple System for Fast Trading

Since Ripple's payment system is already being used, and most of them have been successfully tested by financial giants such as SBI Group, Santander, Western Union Bank and other financial and banking institutions and services. Ripple is one of the leading blockchains in the cross-border payment field. And one of the latest achievements in this field is that KFH will employ the system solutions based on ripple blockchain for fast transactions.
 

KFH demonstrates the efficiency of the Riple cross-border trading solution. It also emphasized that the first blockchain-based transaction made in Kuwait was driven by Ripple technology.
 

According to KFH, Ripple's approach to cross-border payment issues will be fully functional and efficient, and the final version of the system solution will be sent to the Central Bank of Kuwait after the quality check is complete.
 

In the spirit of revolutionary cross-border payments in Kuwait, KFH announced that they will join Ripple Net, a program designed by the Ripple Foundation to encourage further development of Ripple-based systems and solutions.

 

2. Ripple Foundation targets the Chinese market

On August 15, XRP announced in an official interview that the foundation is planning to use Ripple's cross-border payment solution to enter the Chinese market.
 

Jeremy Light, vice president of European strategic accounts at Ripple, said Ripple is planning to use distributed ledger technology to enter the Chinese market in order to accelerate cross-border payments in China.
 

The Ripple Foundation has taken a step closer to the Chinese market for the first time in a few months ago by establishing a partnership with China's payment service (LianLian).
 

In addition, Ripple's technology has also implemented blockchain-based digital invoicing with Tencent, China's leading technology company, for the convenience of the US, China and Europe.
 

Since the entire cryptocurrency market has been in a downturn last week, Ripple has also been affected (the ripple price now is $0.323114), hoping that this good ripple coin news can bring some positive effects to Ripple.