Ripple seeks to venture into the Asian market
The free software project recently showed its desire to enter India and Japan
The Ripple free software project is showing greater interest in entering the Asian market to spread its technology.
In particular, the company has shown its desire to go deeper into the markets of India and Japan. Based on this, the manager of these areas and North Africa and the Middle East, Navin Gupta, commented on the plans of the company for the future and the idea of presenting a better portfolio of solutions than its direct competition SWIFT, a banking system that is about 60 years old.
“We are building a platform based on text messaging in which money can travel. It does not have to be exclusively cryptocurrencies, the fiat currencies will also be able to move through our blockchain protocol, “explained Gupta.
Given this situation, the vice president of the brand, Asheesh Brial, highlighted his expansion plan for the coming months.
“We noticed that if you make the three best banks in the nation adopt Ripple, you will have 80% of the market in your hands. We realized that in the next five years, a billion people will be banking in India from their phones, so we focus on mobile technology and telecommunications providers,“ said Brial.
K. Tovar
Source: Coinspeaker
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