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.
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.