Chinese Payment Giant AliPay is reportedly already testing XRP with a view to deploying the cryptocurrency token in its operations.

Presently valued at $150 billion, AliPay is currently the largest payment networks in the world and any collaboration with Ripple would mark a significant boost for crypto firm Ripple ,creator of XRP.

“AliPay has grand ambitions for the United States. I’ve had conversations with people in the company, and there is a zeal to make a move into the US. The company knows that the US is a large economy and they want growth. AliPay has so far built a strong payment system around their world,” Brad Garlinghouse, CEO of Ripple,

Turkish sources close to the firm reported that AliPay was already testing XRP for deployment and commentators expect any future tie up with U.S. cryptocurrency developer Ripple would boost the value of its titular XRP token.

AliPay has already registered the URL – alipay.ripple.com

Ripple also develops the blockcahin based xCurrent and RippleNet platforms.

“Ripple is redefining the way that value moves around the world, and today we’re already enabling real-time, affordable international settlement between banks who have adopted our solutions,” Chris Larsen, Chief Executive Officer at Ripple said.