US is losing 'tech cold war with China' says Ripple co-founder
Ripple’s executive chairman has slammed U.S. lawmakers for losing the blockchain arms race to China Speaking at the LA Blockchain Summit conference on October 6, Ripple co-founder, Chris Larsen, slammed the United States for falling behind in the race to design “the next generation of the global financial system.”The address expanded on some of Larsen’s frustrations with U.S. regulations that has led to the company considering moving to a different jurisdiction.Larsen argues the U.S. has fallen “woefully behind” in the ongoing “tech cold war with China,” asserting that China’s central....
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Chris Larsen, Ripple co-founder and chairman of the payments technology company’s board of directors, said China’s “itching” to be the one that designs the next financial system and that the U.S. is “woefully behind.” See also: SEC Will Be Forced to Give Crypto Guidance Despite Bureaucracy, Risk-Avoidance: Peirce
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Ripple, a provider of financial settlement solutions, and SBI Holdings, Inc., a financial services company, have partnered in launching a new company, SBI Ripple Asia, to serve China, Japan, Taiwan, Korea and ASEAN countries. SBI Ripple Asia will establish a sales and engineering group to sell and install its enterprise solutions for cross-border payments at banks. The 2015 World Payments Report notes that non-cash payments in China, Japan and South Korea exceeded $145 billion in 2013, with further growth expected, Ripple noted in its announcement. Ripple will continue to operate its....