Ripple confirms Сhina expansion plans

Ripple confirms its plans to enter one of the world's biggest markets
16 August 2017   1765

The San Francisco blockchain startup Ripple address rumours about its Сhina expansion plans, CoinDesk reports. 

Long story short: yes, the blockchain company is planning to set up operations in China, but no, it's not doing so with the help of one of the region's e-commerce giants Alibaba.

Emi Yoshikawa, Ripple's director of joint venture partnership, commented on the situation:

"China is a key market for a global payments network, which is why we are looking to build a presence there. Total cross-border payment value involving China is $5 trillion annually, and the large Chinese e-commerce market currently lacks a highly efficient and low-cost solution."
 

Emi Yoshikawa
Ripple's director of joint venture partnership

Despite the fact that Ripple has added 10 new financial institutions to its blockchain network, including MUFG in Japan, BBVA in Spain and SEB in Sweden, membership by Chinese firms has so far been absent.

Thus, it appears it will have to keep working on adding a big name from China to that impressive list of collaborators. Ripple also put to rest speculation that Alibaba was already running a validator node on the Ripple network, according to CoinDesk:

Alibaba (the company) is not running a validator.
 

Emi Yoshikawa
Ripple's director of joint venture partnership

Images in the post showed a node that appeared to be operating in Hangzhou, China, with an address linking it to Alibaba Advertising Co., Ltd, which led some to believe Alibaba would help Ripple maneuver its way into the country, though a Ripple spokesperson said such an effort is not in the works. 

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.