Ripple (XRP) has announced their new partnership on 7th February 2018 with the payment provider, LianLian International. From this partnership, the LianLian will apply the Ripple's blockchain technology, xCurrent, to materialize the cross-border payments in and out of the country. By using the xCurreny, at present issues on payment transaction would be fixed, as it is quick and cheap.
Because of the new partnership relation, the company's growth is getting big through its blockchain products. LianLian has more than 150 million users in their country, those users will get the safe end-to-end tracking for banks with the help of xCurrent solution.
LianLian is the Hong-Kong based money service provider, which will use the RippleNet to accept the global payments from outside countries.
Ripple’s Director of Joint Venture Partnerships, Emi Yoshikawa said about their partnership: “Cross-border payments related to China’s e-commerce market reached $1.07 trillion in 2017. There is a huge opportunity to make these payments quicker and more cost-efficient. With RippleNet, LianLian will now be able to provide merchants and consumers with on-demand payments, which they weren’t able to before.”
LianLian CEO, Arthur Zhu said that “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.”
About Ripple: One of the top most valuable cryptocurrencies like bitcoin. By using Ripple, we can make instant transactions across the world with less-fee. Early in this year, Ripple partners with MoneyGram, because of this news, the value of XRP reached the all-time high on 4th January.
About LianLian International: It have products of Cross-border Collection, International Remittance, and RMB Acquiring. Overall, it is cross-border money service company, which located in Hong Kong. They have Strategic Partners of PayPal and Apple Inc.
Within past 24 hours, the value of XRP increased 4.11 percent high with the market cap of $31 billion. At the time of writing, it was trading at $0.80 USD.