China's Tencent to invest $ 200bn in Ripple technology

[mohamedsabry]

Tencent, the Chinese technology giant that has bought stakes in Snapchat, Tesla and Spotify, is also preparing to launch the application, while the famous Wechat application is now investing in Ripple technology.

As we write this article, Ripple is finalizing deals with banks, according to the company's chief technology officer. Many good news comes from Europe and the United States, where Ripple and its management are trying to show Ripple's potential through interviews, closed-door meetings and financial technology conferences, but the good news is coming from Asia - especially from Hong Kong - For "Tencent" and the company's board of directors on the introduction of "Ripple" technologies on Monday, according to multiple sources had attended the meeting. Currently, the price of the "XRP" currency is $ 0.55.

The subject of discussion here is whether Tencent can invest money in the XRP, sell a huge share (10 to 15 percent) and be unique in the Asian market. According to our source, Tencent will provide $ 2 billion to be converted into the XRP currency in the next 12 months. The first billion will be made in the early days of July. Tencent plans to integrate the Ripple technologies with its Wechat application and launch a technological war against Alibaba and Amazon over payments on mobile phones.

"XVia", the "Ripple" product for payments - now set up in companies, payment providers and banks - is a tool that Tencent will use in its products to unlock technology on the global market. In January, Tencent Holdings Limited sold $ 5 billion in bonds, the company's largest bid in US dollars, and the first time Dina has been issued since 2015. According to Moody's, it is a medium-to-high-quality financial position. "Tencent" seems ready to offer in the next few weeks. We will keep you informed of any news related to the transaction.

Comments

[krguidedog]

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[songa0906]

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