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LianLian collaborates with RippleNet to ensure faster payments to China

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The biggest benefactor in the global e-commerce market, China, has turned its online retail into an overwhelming giant. In the $4 trillion global e-commerce market, China itself contributes about $650 billion, according to 2017 reports. With the gigantic market growing rapidly, a call for help is considered to be of natural occurrence. To support the huge payments in the Chinese online retail, LianLian International has come together with RippleNet to promote a bigger and better customer experience.
LianLian International is among the top Chinese money service companies, having about 150 million customers in the region. It has collaborated with RippleNet in order to provide the users a real-time, cross-border, reliable experience along with invoice payments.
xCurrent shall be used by LianLian that offers end-to-end tracking for the cross-border transactions between the bigger countries and continents. Not only a superior, valuable experience is promoted by Ripple but it also claims to provide a faster, cheaper and easier mode of transaction.
Huge amounts of payments, mostly in billions is transacted by LianLian every year. The major e-commerce sites such as Amazon, Ali Express and eBay stands as it’s valuable customers which makes this an immense opportunity for Ripple.
LianLian CEO Arthur Zhu 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.”
As the cross-border payments in China is massive, this collaboration with RippleNet could stand beneficial in the e-commerce business even more. This collaboration might stand as a better opportunity for Ripple in reaching closer to the Internet of Value and leaving it’s mark in outstanding connectivity.

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