China’s e-commerce market continues to dominate globally, with cross-border transactions projected to exceed $1.32 trillion annually. To meet the growing demand for seamless international payments, LianLian International — a leading Hong Kong-licensed money service provider with 150 million registered users — has partnered with RippleNet to revolutionize remittances, e-commerce, and invoice payments into China.
Key Benefits of LianLian’s RippleNet Integration
1. Real-Time Cross-Border Payments
LianLian leverages xCurrent, Ripple’s blockchain-powered settlement solution, to enable:
- Instant transactions between China, the U.S., and Europe.
- End-to-end tracking for transparency.
- Cost savings by reducing intermediary fees.
👉 Discover how blockchain transforms payments
2. Enhanced E-Commerce Efficiency
As a payment processor for giants like Amazon, AliExpress, and eBay, LianLian handles billions in annual transactions. With RippleNet, merchants gain:
- Faster access to funds.
- Support for 19 currencies.
- Competitive exchange rates.
Why This Partnership Matters
For LianLian’s Customers
- Instant settlements: Eliminate delays common in traditional systems.
- Lower costs: Reduce fees associated with cross-border transfers.
- Expanded reach: Connect with RippleNet’s 100+ financial institutions worldwide.
For RippleNet Members
LianLian serves as a gateway into China, enabling:
- Efficient transactions for banks in Japan, South Korea, and India.
- New market opportunities via streamlined payment corridors.
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Industry Perspectives
Arthur Zhu, CEO of LianLian International:
"RippleNet allows us to offer blockchain-powered payments, boosting our market share while improving customer experiences."
Emi Yoshikawa, Ripple’s Director of Partnerships:
"This collaboration addresses the $1.07 trillion cross-border payment demand in China, delivering speed and cost efficiency."
FAQs
How does xCurrent work?
xCurrent uses blockchain to settle payments in real-time while providing full transaction visibility.
Which currencies does LianLian support?
LianLian facilitates payments in 19 currencies, including USD, EUR, and JPY.
Can other RippleNet members access China through LianLian?
Yes, LianLian acts as a bridge, enabling seamless transactions between China and global RippleNet partners.
The Future: Internet of Value
Ripple’s vision of an Internet of Value — where money moves as instantly as data — gains momentum with partnerships like LianLian. By eliminating friction in global payments, RippleNet empowers businesses and consumers alike.