Chinese Payment Service LianLian Joined RippleNet

According to Ripple, joining LianLian to the network will allow existing members of RippleNet to enter the Chinese market
08 February 2018   1403

The Chinese payment service LianLian has joined RippleNet, a payment network that uses Ripple's blockchain for international transactions. This is reported by CoinDesk.

LianLian Pay will use the xCurrent solution from Ripple, which will help the service to perform cross-border transfers within one day. It is worth noting that xCurrent, unlike xRapid, does not use the XRP crypto currency.

With RippleNet, we will further enhance that experience by offering customers instant, blockchain-powered payments across the 19 currencies that we currently support.
 

Arthur Zhu,

CEO, LianLian International

According to representatives of Ripple, joining LianLian to the company's network will allow existing members of RippleNet to enter the Chinese market.

LianLian was founded in 2003 and operates with the permission of the People's Bank of China. Among other things, the company provides tools for accepting payments to online retailers, including JD com.

SendFriend to Raise $1.7 from Ripple & Mastercard

SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018
13 February 2019   155

New York-based payment startup SendFriend, focused on the use of XRP tokens for international remittances, closed a $ 1.7 million financing round from Barclays and fintech, Ripple, CoinDesk reports.

Mastercard Foundation, MIT Media Lab, Techstars Incubator, Mahindra Finance, 2020 Ventures and 8 Decimal Capital also took part in the round.

Note that SendFriend got into the business accelerator "Barclays powered by TechStars" in September 2018.

According to the representatives of the startup, the funds raised will be used to expand the staff, work with the community and marketing.

Initially, a startup will focus on labor migrants from the Philippines who regularly make remittances to their homeland from the United States. Converting US dollars to XRP tokens, and then to the Philippine peso, according to SendFriend, took few seconds.

It is noteworthy that SendFriend commissions will be 65% below the average in the traditional cross-border transfer industry.