Ripple Is Betting Big On Asia

Ripple Is Betting Big On Asia
Ripple Is Betting Big On Asia
Ripple Is Betting Big On Asia Business Insider

Ripple, the company behind cryptocurrency XRP, is suddenly setting its sights on Asia, in part because banks on the continent are more open to innovation than US-based firms. The company is speeding up plans for XRapid, a product that enhances cross-border payments in emerging markets.

In Ripple, the company behind cryptocurrency is betting big on Asia by  appearing on Business Insider's website reports:

XRP gripped the attention of the financial media as its price soared by 1,400% in less than a month. But behind the headlines about a soaring cryptocurrency is an upstart financial technology company looking to simplify and expedite international currency flows. 

"It would be helpful to think of Ripple as a corporation," Asheesh Birla, VP of product for Ripple, told Business Insider. "We make software products and we sell them to banks, payment providers like MoneyGram, just as an example."

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