Popular Post Tehol_Beddict Posted August 13, 2017 Popular Post Share Posted August 13, 2017 (edited) Alibaba is running a validator node as of 1 day ago! Also one of the few on rippled-0.80.0-b4 Hope this is very good news Edited August 15, 2017 by karlos updated title tatendajrukuni20, one_giant_leap, jcdenton and 17 others 15 5 Link to comment Share on other sites More sharing options...
ThomasTheTGV Posted August 13, 2017 Share Posted August 13, 2017 That would be good news indeed! tatendajrukuni20 1 Link to comment Share on other sites More sharing options...
Tehol_Beddict Posted August 13, 2017 Author Share Posted August 13, 2017 For those who don't know, Alibaba owns AliPay, which has most of China's digital payments and has been expanding recently. This expansion included YESTERDAY's announcement of running tests with Barclays!!! See me last post. Also see Alibaba's inroads into India and elsewhere! prkzingis, chemical_realm, dtones and 5 others 6 2 Link to comment Share on other sites More sharing options...
chemical_realm Posted August 13, 2017 Share Posted August 13, 2017 @Tehol_Beddict Thank you for the explanation, I was just going to ask what Alibaba was or is Link to comment Share on other sites More sharing options...
Tehol_Beddict Posted August 13, 2017 Author Share Posted August 13, 2017 Just now, chemical_realm said: @Tehol_Beddict Thank you for the explanation, I was just going to ask what Alibaba was or is Sure! It's China's Amazon! They're into everything. tatendajrukuni20, FUDFatigue and Mincho 3 Link to comment Share on other sites More sharing options...
chemical_realm Posted August 13, 2017 Share Posted August 13, 2017 Sounds like my Grandkids when they visit Sharkey 1 Link to comment Share on other sites More sharing options...
fd67890 Posted August 13, 2017 Share Posted August 13, 2017 This is huge! I think Alipay processes payments for an Indian company called PayTM which has 125 million mobile users! Fact check this for me please! tatendajrukuni20 1 Link to comment Share on other sites More sharing options...
Guest Posted August 13, 2017 Share Posted August 13, 2017 Is there evidence this is actually Alibaba and not another entity running a server on Alibaba infrastructure? Link to comment Share on other sites More sharing options...
SimpleLife Posted August 13, 2017 Share Posted August 13, 2017 Alibaba owns Ant Financial that is acquiring Moneygram also. fd67890 1 Link to comment Share on other sites More sharing options...
Edono Posted August 13, 2017 Share Posted August 13, 2017 Can someone explain to me why this is good for Ripple? Link to comment Share on other sites More sharing options...
Tehol_Beddict Posted August 13, 2017 Author Share Posted August 13, 2017 Just now, SimpleLife said: Alibaba owns Ant Financial that is acquiring Moneygram also. Exactly!!! And the timing of this can't be coincidental: http://www.bankingtech.com/943152/barclaycard-pilots-alipay-payments-in-eight-retail-stores-across-uk/ Well it can, but don't think it is. See my last post re Barclays and Ripple or just google Barclays Ripple B2BPay ripplesquad and SimpleLife 2 Link to comment Share on other sites More sharing options...
SimpleLife Posted August 13, 2017 Share Posted August 13, 2017 1 minute ago, Tehol_Beddict said: Exactly!!! And the timing of this can't be coincidental: http://www.bankingtech.com/943152/barclaycard-pilots-alipay-payments-in-eight-retail-stores-across-uk/ Well it can, but don't think it is. See my last post re Barclays and Ripple or just google Barclays Ripple B2BPay Ant Financial also invested in: PayTM - India, Kakao Pay - South Korea, Ascend Money - Thailand. I think it makes sense that they would run a validator, and I think it's Ripple's best route into China. WillGetThere 1 Link to comment Share on other sites More sharing options...
TheTraderJ Posted August 13, 2017 Share Posted August 13, 2017 1 minute ago, Edono said: Can someone explain to me why this is good for Ripple? China promotes using its own products and therefore many western expansions into china have not been hugely successful. Some products that china uses made in china is WeChat, Alibaba, Oppo and the list goes on. The fact that such a large chinese company as Alibaba is interested in Ripple(if this post is true) combined with the fact Ripple is looking for a team in China is a promising first step into a market with such a strong barrier to western products. It's the investors that can "join the dots" before any official announcement is made that are usually the most successful! WillGetThere, SimpleLife, ripplesquad and 2 others 2 3 Link to comment Share on other sites More sharing options...
Popular Post Tehol_Beddict Posted August 13, 2017 Author Popular Post Share Posted August 13, 2017 4 minutes ago, Edono said: Can someone explain to me why this is good for Ripple? 1. AliPay is the largest global player in mobile payments and going global. Think Apple Pay but has 60% of China. 2. XRP bridges cross-border payments. 3. AliPay is working with Barclays, who we know uses Ripple and has been quoted as speaking to regulators about using digital currency - specifically "equivalent to bitcoin, not bitcoin." 4. China clearly thinks there's something to watch out for as they recently announced all online payments in must go through China clearing house. Their concern is the internationalizing their currency via XRP will no longer allow them to artificially devalue their currency. 4. It's Alibaba 5. As someone mentioned, paytm and Moneygram plus more. 6. Ripple hinted at a Payments app that will be big news for XRP in payments. 7. Read 1 through 6 ripplesquad, ThomasTheTGV, chemical_realm and 8 others 5 6 Link to comment Share on other sites More sharing options...
fd67890 Posted August 13, 2017 Share Posted August 13, 2017 17 minutes ago, Tehol_Beddict said: 1. AliPay is the largest global player in mobile payments and going global. Think Apple Pay but has 60% of China. 2. XRP bridges cross-border payments. 3. AliPay is working with Barclays, who we know uses Ripple and has been quoted as speaking to regulators about using digital currency - specifically "equivalent to bitcoin, not bitcoin." 4. China clearly thinks there's something to watch out for as they recently announced all online payments in must go through China clearing house. Their concern is the internationalizing their currency via XRP will no longer allow them to artificially devalue their currency. 4. It's Alibaba 5. As someone mentioned, paytm and Moneygram plus more. 6. Ripple hinted at a Payments app that will be big news for XRP in payments. 7. Read 1 through 6 Keep going...I'm almost there! prkzingis, Tehol_Beddict and sasa123123 3 Link to comment Share on other sites More sharing options...
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