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the RippleNet will be able to be a member. The Chinese payment service provider LianLian international joins the network of ripples, xCurrent to use the software. The joint partnership will bring to China so faster and cheaper transactions.
How ripple on his site known was, the payment network will cooperate with the Chinese company LianLian international. The cooperation should help to provide market access to China’s huge E-commerce market and to benefit from, who traded the gigantic sums. LianLian international ripples transactional replication software that allows making secure and fast cross-border payment transactions, which is traceable through end-to-end-tracking will use.
On the other hand, the entire RippleNet benefited from the cooperation. So LianLian international can be considered gateway to China, about access to the Chinese market can be achieved. So many more members of the RippleNet can benefit from the Chinese market volume. Every year LianLian international handles billions of transactions between dealers and consumers and thus is one of the largest payment service for China’s E-commerce market.
LianLian international “is a leading provider of payment experience in and out of China, as shown in the large number of our merchants and partners. With RippleNet, we will continue to improve this experience and increase our market share by offering our customers instant blockchain-based payments in 19 currencies currently supported. “We look forward to working with ripple, to strengthen the cash flows between China and RippleNet members in new markets”,
so LianLian CEO Arthur Zhu.
“cross-border payments in connection with China’s E-commerce market reached $ 1.07 billion last year. There is a great chance to make these payments faster and more cost-efficient. With RippleNet, LianLian international will now be able to allow faster and more cost-effective payments merchants and consumers, which was previously not possible for them to China. We also forward to join other RippleNet members with LianLian”,
said EMI Yoshikawa, Director joint venture partnership with ripple.