Categories: Ripple

Ripple’s Global Financial Network Partners With China-Based Payment Provider

Click here to view original web page at

LianLian International, a China-based payment services provider, has partnered with RippleNet in order to offer faster and less expensive cross border transactions to their customers across the US, Europe, and China, according to a Feb. 7 announcement on Ripple’s blog.

RippleNet is Ripple’s decentralized global network, made up of banks and other financial institutions, that handles the real-time confirmations of financial transactions.

Brad Garlinghouse, CEO of Ripple, tweeted that Ripple “just opened the door to the largest e-commerce market in the world”:

We just opened the door to the largest e-commerce market in the world for our #RippleNet partners with LianLian.

— Brad Garlinghouse (@bgarlinghouse) February 7, 2018

While Ripple (XRP) is often referred to as a cryptocurrency and is listed on CoinMarketCap, the token is centralized and its source code is owned privately by Ripple, while a cryptocurrency by definition is decentralized and outsider-verified.

LianLian will use Ripple’s centralized software payment solution, xCurrent, which is tailored to work with financial institutions by allowing banks to confirm payment details in real time before each transaction and after each delivery.

LianLian already lists PayPal and Apple as their strategic partners, serving marketplaces like Amazon, Ali Express, and Ebay. In reference to the Ripple partnership, Arthur Zhu, CEO of LianLian, said:

“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.”

Ripple has partnerships with over 100 financial institutions, most recently partnering in mid-January with Moneygram to speed up fiat payments.

The RippleNet and LianLian partnership comes at a time when China has been increasing crypto regulation, removing crypto-related ads on social media and search engines and banning foreign exchanges on top of the earlier domestic exchange restrictions.


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by
Tags: bank crypto garlinghouse network payments ripple xrp

Recent Posts

  • Bitcoin Business

HALVING ‘MYTH’: Is everyone wrong about the Bitcoin halving?

HALVING ‘MYTH’: Why everyone's wrong about Bitcoin’s halving price spike Miners are accumulating and retail investors are piling in, in… Read More

1 hour ago
  • Bitcoin Business

Is Coin Market Cap STILL Providing False Volume Data?

Coin Market Cap , one of the most popular cryptocurrency analysis sites around, is allegedly reporting fake volumes all over… Read More

1 hour ago
  • Bitcoin Business

Crypto Base Scanner Team Releases An Ultimate Trading Software Service – The altrady Application

altrady is an online cryptocurrency trading application that provides a convenient platform for traders to buy and sell Bitcoin and… Read More

1 hour ago
  • Bitcoin Business

Tron Price Crashes by 20% as Justin Sun Stands Warren Buffet up

Today is not a great day for all of the Tron holder sin the cryptocurrency industry. Although this altcoin still… Read More

1 hour ago
  • Bitcoin Business

Bitcoin Hyper Launches the World’s Fastest Bitcoin, a Cryptocurrency for Real World Use

SLIEMA, Malta, July 23, 2019 /PRNewswire/ -- Bitcoin Hyper ("BHY"), an innovative new cryptocurrency that provides consumers with the ability… Read More

1 hour ago
  • Bitcoin Business

The Libra’s Cold Reception from Congress Shows Why We Need Bitcoin

Photo by André François McKenzie on Unsplash The hostile receptions Facebook's Libra coin received should be viewed as a validation… Read More

1 hour ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More