Ripple confirms Сhina expansion plans

Ripple confirms its plans to enter one of the world's biggest markets
16 August 2017   3041

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. 

Raven Protocol to be the First IDO at Binance DEX

Team cannot say exactly how IEO will pass, since similar campaigns hadn't been concluded at Binance DEX before, but they are going to sell $500k worth tokens
14 June 2019   332

The Raven Protocol cryptocurrency project announced about the planned initial exchange offering (IEO), which will be based on the infrastructure of the Binance DEX exchange - in this case the campaign will be called IDO or Initial Dex Offering.

Raven Protocol confirmed the right to list its token on Binance DEX paired with BNB on June 17 at 9:00 UTC. At the same time, the IDO of RAVEN tokens will start. The project draws attention to the fact that neither Binance, nor Binance Chain, nor Binance DEX stand behind this initiative.

At the same time, Raven Protocol notes that it cannot say how exactly IEO will pass, since with Binance DEX, similar campaigns have not been conducted before.

Potential participants need to pass a preliminary identification by sending to the address of founders@ravenprotocol.com their address in the Binance Chain, an identity document, a selfie and proof of residence.

In total, Raven Protocol expects to raise $ 500,000 by selling 3% of its own token emission (300,000,000 RAVEN). Accommodation will be on a first come, first served basis. The limit on the amount of investment for one user is declared at the level of 100 BNB.