He said this structure gives XRP an advantage as countries upgrade their financial systems. His post focused on how these links support XRP’s ability to operate on global settlement rails. His claims raise an important question about how far the asset can extend across regions that drive major trade flows.

China already has indirect exposure to XRP through the BRICS New Development Bank, SBI, and the cross-border payment corridors linking Asia, the Middle East, and Africa. The rails don’t stop at the Great Wall, despite what some on Twitter might think.

— Black Swan Capitalist (@VersanAljarrah) November 21, 2025

A Network That Supports XRP’s Expansion

Aljarrah pointed to China’s position in the BRICS NDB. He views this as a key factor because the bank finances major projects across several regions. These projects need fast and reliable settlement, and many member states already work with digital asset solutions.

This environment fits XRP’s design. He sees the asset as a tool that can move value with speed and accuracy. This design suits countries that handle constant cross-border transfers.

SBI also plays a central role in this network. The company works with Ripple and operates across important Asian markets. It has supported XRP for a long time, and its proven record in traditional finance gives it influence in countries that are now modernizing their payment systems.

Pushing XRP Into New Markets

Aljarrah’s statement suggests that SBI’s reach is a good source of indirect exposure for China. This connection puts XRP in markets that want new settlement options without complexity.

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These regions also share several active payment corridors. Asia, the Middle East, and Africa move large amounts of value each day. Their banks and fintech firms use systems that can integrate XRP for settlement or liquidity.

This gives XRP a practical entry point. Also, these routes show why it can scale. As demand for better settlement grows each year, XRP’s trade volumes are projected to rise.

Positioning XRP on Global Rails

The alignment between institutions and active trade corridors gives XRP a strong foundation. These regions continue to build faster and more flexible payment systems.

They want solutions that help them settle value across long distances with minimal friction. XRP meets this requirement and already operates in several markets involved in these networks. This gives the asset a path toward dominance on global financial rails.

XRP sits within important corridors that drive trade between Asia, the Middle East, and Africa. Aljarrah sees China’s indirect exposure as evidence that large economies operate within systems that can use XRP.

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The post China Has Indirect Exposure to XRP via This Means appeared first on Times Tabloid.

The update was brought to wider public awareness through a tweet by the prominent cryptocurrency influencer named Good Morning Crypto, who highlighted the significance of the change. According to the tweet, before this update, Ripple’s bank ID list was limited to banks in the Philippines.

The Expansion of Ripple’s Bank IDs

The recent update to Ripple’s documentation now lists bank IDs for a multitude of financial institutions across China and Hong Kong.

These IDs are necessary for adding a beneficiary when initiating batch payment files, specifically when the beneficiary’s bank is located in China or Hong Kong.

The list allows users to select the appropriate bank ID corresponding to the beneficiary’s bank, thus facilitating smooth cross-border payments.

Previously, Ripple’s documentation only featured bank IDs for financial institutions in the Philippines. The addition of banks from China and Hong Kong marks a significant expansion of Ripple’s network, potentially opening up new avenues for financial transactions between these regions and the rest of the world.

Implications for Cross-Border Payments

This update broadens the scope of Ripple’s payment network, enabling institutions to transact with a wider range of banks across Asia. The inclusion of Chinese and Hong Kong-based banks in Ripple’s documentation suggests a growing acceptance of Ripple’s payment infrastructure within these markets.

However, it is essential to clarify the nature of the transactions involved. The list of banks provided in the update specifically relates to those that can receive payments in USD. This distinction is crucial, as it indicates that the transactions enabled by these bank IDs are not related to XRP but involve the transfer of USD.

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Clarification on the Nature of Transactions

The update has sparked discussions within the cryptocurrency community, particularly regarding the type of transactions supported. A user on X (formerly known as Twitter) pointed out that the update does not authorize XRP for these transactions.

The user emphasized that the banks listed in the update only accept transfers involving USD, not XRP. This point is vital for accurately understanding the scope and limitations of the update.

The distinction between XRP and USD transactions is an important one, especially in the context of Ripple’s ongoing efforts to promote its digital asset, XRP, as a bridge currency for cross-border payments.

While Ripple’s payment network supports a variety of currencies and assets, including USD, EUR, and others, this particular update pertains specifically to USD transactions with the listed banks.

As Ripple continues to expand its network and documentation, further updates and clarifications will likely emerge, particularly concerning the use of digital assets like XRP. For now, this update represents a significant step forward in Ripple’s mission to streamline cross-border payments and enhance financial connectivity across the globe.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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China Food Safety Network and VeChain

The China Food Safety Network (CFSN) is a body saddled with the responsibility of improving and monitoring national standards of food production in the East Asian country. 

Reportedly, the China Food Safety Network has created a sub-department dubbed China Food Safety Traceability Co-governance Federation. The entity is tasked to build a food traceability system that will promote the comprehensive management of China’s food industry.

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Also, the unit’s core responsibility is to ensure food quality and safety while regulating the healthy development of the food industry.

Per the report, the China Food Safety Traceability Co-governance Federation will also play an active role in promoting innovation and development in the nation’s food industry. 

Part of the document said, 

“After investigation by China Food Safety Network, recommendation by the Secretariat of China Food Safety Traceability and Co-Governance Federation, and evaluation by member units of China Food Safety Traceability and Co-Governance Federation, Shanghai VeChain Information Technology Co., Ltd was elected as the Standing Committee Member of China Food Safety Traceability and Co-Governance Federation.

The company hired VeChain CEO, Lu Yang as a standing member of the China Food Safety Traceability Co-governance Federation,” the report added. 

It is believed that with the integration of blockchain technology into the system, food traceability can be made more effective.

On this premise, the China Food Safety Network is out to leverage the capabilities of the VeChain ToolChain to provide reliable data support for food regulatory authorities, and further implement food safety strategies. 

Read Also: VeChain Grabs Another Mega Deal To Build a Web3 Inventory Monetization Platform

Leveraging the VeChain ToolChain

VeChain ToolChain is a self-developed comprehensive blockchain application platform backed by the VeChainThor blockchain with BaaS, PaaS, and SaaS offerings.

The China Food Safety Network believes that the data traceability of the VeChain ToolChain will help unleash the vitality of the food supply chain and also improve supply chain transparency.  

“This product can provide flexible and light-developed blockchain food traceability SaaS services for food companies, complete data uploading on the chain at 5 to 10 times the speed of traditional technology, and efficiently achieve origin certification and supply chain transparency”

“At present, the blockchain food safety traceability SaaS solution provided by VeChain has served many food companies and brands in the past. VeChain will continue to deeply cultivate the field of food traceability, use blockchain technology to help the construction of agricultural product traceability systems, serve the digital transformation of enterprises, and contribute to the national food safety strategy,” the report added. 

Related: VeChain Toolchain Adopted By a Premium Ginseng Snack Producer in China for Quality and Brand Enhancement

VeChain Adoption on the Rise

VeChain, the leading enterprise-grade Layer 1 smart contract platform, has recorded strategic partnerships and mega adoptions in recent times. 

In early June, VeChain announced a partnership deal worth $100 million with UFC, the leading martial arts company, to boost the global adoption of blockchain technology.

In the same month, VeChain grabbed another mega-deal with Supply@ME to build a Web3 inventory monetization platform on its blockchain.

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According to new data on global Bitcoin mining released on the 17th of May by the Cambridge Centre for Alternative Finance (CCAF), China has reemerged as one of the world’s leading Bitcoin mining hubs.

Read Also: Warren Buffett to Indirectly Benefit from Bitcoin as Nubank Allocates 1% of Its Equity to BTC

The research, obtained in collaboration with a number of mining pools, including BTC.com, Poolin, ViaBTC and Foundry, shows that China is second behind the United States relatively a year after the crackdown on crypto mining operations in the country.

The data says China managed 21.1% mining capacity over the course of a year, followed by Kazakhstan (13.22%), Canada (6.48%), and Russia (4.66%). As expected, the United States leads with a 37.84% share of total hash rate activity.

The research suggests that China’s resurgence in terms of hash rate despite an existing ban can be attributed to underground operations, which resulted in a sudden rise back to 30.47 exahashes per second (EH/s) in September 2021.

The research noted:

“Access to off-grid electricity and geographically scattered, small-scale operations are among the major means used by underground miners to hide their operations from authorities and circumvent the ban.”

Read Also: MicroStrategy CEO: Bitcoin (BTC) Is the Least Risky Asset to Have in a Retirement Portfolio

Back in May 2021, the State Council of the People’s Republic of China, a cabinet-level administrative organization, started ordering various provinces across the country to prepare for an outright ban on mining operations.

Many mining hotspots shut down to seek more favorable jurisdictions as soon as the rule became effective. Afterward, China’s total share of the global Bitcoin hash power crashed to around 0%.

In a note in October 2021, Michel Rauchs, digital assets lead at the CCAF, said:

“The effect of the Chinese crackdown is an increased geographic distribution of hashrate across the world, which can be considered a positive development for network security and the decentralized principles of Bitcoin.”

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The post China Reemerges as Top Mining Hub a Year after Outright Ban appeared first on Times Tabloid.

According to the report, the suspension came in response to the latest unfavorable regulatory policy announcements in China.

Read Also: CEO of World’s Largest Movie Theater Chain Confirms Adoption of Ethereum, Litecoin, Bitcoin Cash

The People’s Bank of China and the National Development and Reformation Commission (NDRC) had earlier announced their quest to further clamp down crypto trading and mining activities in the country.

In terms of the real-time hash rate, Sparkpool is the largest Ethereum mining pool. The mining pool accounts for relatively 20% of the Ethereum network’s hash rate, followed by Ethermine.

Read Also: Vitalik Buterin: My Biggest Regret about Ethereum is the Whole ‘8 Cofounders’ Thing

China Issues Tougher Measures in the Quest to Clampdown Crypto-Related Activities

According to an announcement on Friday, all services that allow the exchange of fiat currencies and cryptocurrencies or between crypto assets are now classified as illegal activities.

This implies that over-the-counter (OTC) services that are still available on crypto exchanges such as OKEx, Huobi, and Binance, which enable users based in China to change Yuan to digital assets so as to take part in crypto trading activities, are now illegal.

The notice further stated that offering crypto derivative trading services have now become illegal in the country. It also affects crypto exchanges outside China, which make the service accessible to Chinese residents.

Read Also: Analyst Nicholas Merten Predicts Notable Surge in Ethereum (ETH) Price in the Coming Months

According to PBoC, individuals who live inside China but work for overseas crypto exchanges that are making crypto trading available in China are also subject to legal prosecution.

Another thing that is worth noting in the statement is that it’s jointly issued by not only government agencies but also law enforcement.

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