Lian Lian International, a financial services provider, has entered into a partnership with RippleNet to offer faster and cheaper transactions to its customers in the US, Europe, and China.
Brad Garlinghouse, CEO of Ripple, twinned that Ripple "just opened the door to the world's largest e-commerce market."
Ripple (XRP) is often called crypto and is added to CoinMarketCap, the Token is centralized, and its source code is Ripple's proprietary, while crypto are by definition
Lian Lian will use Ripple's centralized software payment solution, xCurrent, which is a solution to work with financial institutions, allowing banks to verify payments in real time before each transaction and after each delivery. Lian Lian already lists PayPal and Apple as strategic partners serving markets such as Amazon, Ali Express, and Ebay. In connection with the partnership with Ripple, Arthur Zhu, who is Chief Executive Officer of LianLian, said:
"With RippleNet, we will gain more experience and increase our market share by offering customers instant, block payments of 19 currencies that we currently support. We look forward to working with Ripple to improve payments between China and other members of RippleNet. "
Ripple has partnerships with more than 100 financial institutions. The latest partnership was in mid-January with Moneygram to speed up payments with fine currencies.
The partnership between RippleNet and Lian Lian comes at a time when China is increasing the crypto-regulation. The tougher rules on encryption include removing ads that are related to crypto in social media and search engines, as well as a ban on foreign crypto-markets.
image source - Instagram