Ripple Network Partnering With Leading Chinese Money Service Company
February 7, 2018 BY Sebastian Ifversen
LianLian, a Chinese money service company with 150 million registered users, has Wednesday, February 7, 2018, partnered with RippleNet.
RippleNet is the network behind Ripple that is used for transferring any currency. It is connecting banks, payment providers, and digital asset exchanges.
LianLian Pay is adopting the xCurrent solution from Ripple, in an attempt to bring same-day, invoice payments, e-commerce payments and power cross-border transactions between China, the United States, and Europe. xCurrent empowers banks to settle cross-border payments with end-to-end tracking instantly.
Arthur Zhu, CEO of LianLian said: “With RippleNet, we will further enhance that experience and increase our market share by offering customers instant, blockchain-powered payments across the 19 currencies that we currently support. We look forward to working with Ripple to power payment flows between China and RippleNet members in new markets.”
LianLian was founded in 2013 and is the fourth largest non-banking third-party payment service provider in China.