Chinese money transfer service LianLian has entered into a partnership with Ripple [💰↻70%]

Chinese money transfer service LianLian has entered into a partnership with Ripple

The company Ripple has partnered with Chinese money transfer service LianLian International for processing cross-border payments in real time.

Under the terms of the deal, LianLian (Hong Kong) will use xCurrent, a Ripple product for corporate chains that the firm from San Francisco advertises as an instant payment solution.

Amy's Yoshikawa, Director of the Ripple on work with corporate clients announced:

"Cross-border payments related to the e-Commerce market in China reached $1.07 trillion in 2017. There is an opportunity to make these payments faster and more economical. Thanks to the Ripple network, LianLian will now be able to provide customers and consumers with payments in a manner that was previously not possible. We look forward to connecting other LianLian members to RippleNet.»

The new partnership is proof of the target terminal Ripple activity in Asia, where the company's technology were adopted on a large FINTECH-markets, in countries such as Japan and South Korea.

As a result of the partnership, more than 100 existing Ripple network members will be able to interact with the Chinese market.

Ripple, but not XRP

It is noteworthy that the partnership with LianLian does not imply the use of XRP tokens — ripple Consensus Ledger (RCL) own currency. While Ripple claims that the xRapid blockchain that uses XRP for liquidity is more cost-effective and efficient than its other blockchain solutions, most financial institutions chose to connect to RippleNet instead and use the xcurrent platform.

The biggest company that uses XRP, — MoneyGram, money transfer giant, which recently began testing xRapid using a token, to support the activities of your back office.

中国人的钱转移业务连连已经进入了一个伙伴关系与波纹

该公司的波动已经与中国的钱转移业务连连的国际处理跨境支付在现实的时间。

按照交易条款，连连(香港)将使用xCurrent，一个产品的波动对公司的连锁，公司从旧金山宣称作为解为瞬时计算。

艾米吉川主任的波纹上的工作与企业客户宣布：

"跨界付款相关的电子商务市场在美国到2017年，量达1.07亿美元。 有一种可能性，以使该款更加快速和更为经济。 由于波动的网络，连连是现在能够提供购买者和消费者的付款，而在以前这是不可能的。 我们期待着以连接到其他成员的连连到RippleNet的。"