After many days of slump in the crypto market, finally there is good news for Ripple Investors. One of the leading Chinese Money Service Companies has announced to join Ripple’s blockchain network for speedy and timely processing of cross border payments. Here, it is noteworthy that Chinese ecommerce market totaled $672 millions in the previous year. The experts are hopeful that cross border e-commerce transactions in the country may reach $1.32 trillion in 2018.
To facilitate the influx of huge money transfers to Chinese e-commerce market from all over the world, LianLian has decided to use Ripple’s xCurrent. It is important to mention that LianLian International is registered company in Hong Kong. The company has 150 million registered users in the region. Joining RippleNet will facilitate cross border payments, remittances, invoices, and e-commerce payments.
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