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   530

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.

Australia Rolls Out New Crypto Exchange

Blockbid Beta launch is set to go live on April 16, 2018
16 April 2018   180

It has emerged that there is a new cryptocurrency exchange which is launching with headquarters in Australia. Previously, we have reported that Australian Transaction Reports and Analysis Centre has announced the new regulatory requirements for digital currency exchange providers which came into force from April 3, 2018.

A week ago, Blockbid exchange became one of the recipients of an AUSTRAC license, meaning they have been granted permission to legally operate as a cryptocurrency exchange, according to Australian law. Blockbid is a secure exchange with the goal of facilitating the highest volume of trades for the most cryptocurrencies with a single login.

Blockbid announced in its press-release that its Beta launch is set to go live on April 16, 2018. The platform will allow operation in fiat and cryptocurrency, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BCG), Litecoin (LTC), Ripple (XRP), USD, AUD, JPY and EUR.