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

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”:

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…

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