Brothers, there's big news! The well-known domestic cross-border payment company 'LianLian Digital' has just announced plans to raise nearly 400 million Hong Kong dollars (about 39.4 million USD) specifically to do one thing: integrate blockchain technology into cross-border payments!
How do you plan to spend this money? Simply put, there are two things:
Using blockchain technology, make cross-border transfers as fast and cheap as sending a WeChat red envelope!
Currently, our cross-border remittances and merchants receiving foreign exchange face high fees and long wait times (often 3-5 days), with various banks and institutions taking a cut in between.
LianLian aims to use blockchain (like the underlying technology similar to Bitcoin/Ethereum, but more compliant and faster) to bypass these middlemen and connect payers directly with payees. The goal is to cut fees by more than half and reduce transfer times from days to minutes or even seconds!
Creating 'nuclear weapon-level' payment tools for cross-border e-commerce sellers!
Sellers on Amazon, Temu, and TikTok Shop understand best: platform payouts are slow, currency exchange losses are significant, and withdrawal fees are high, leaving hard-earned money being sliced away layer by layer.
LianLian aims to use blockchain + its own payment network to help sellers receive money faster, incur fewer deductions, and have more transparent exchange rates, effectively giving sellers a 'cross-border payment accelerator + cost-saving plugin'!
Why is this event explosive?
Big players are investing real money for validation!
LianLian is not a small company; it is an experienced payment provider that has served millions of cross-border e-commerce sellers. Its willingness to invest nearly 400 million HKD in blockchain payments indicates that this technology is no longer just PPT hype; it can genuinely make money and solve pain points! Large institutions voting with their money is more powerful than any publicity!
The 'price butcher' of cross-border payments is here!
Blockchain is best at cutting out the middleman and reducing costs. If LianLian really makes it happen, traditional cross-border payment giants like Western Union and PayPal, which rely on high fees, might lose sleep over it! In the future, we ordinary people might save a significant amount when transferring money and merchants receiving payments!
A milestone for giving blockchain technology a 'good name'!
Many people think of speculation and scams when they hear 'blockchain'. However, LianLian, a licensed and compliant fintech company, boldly uses blockchain to solve real payment issues, essentially telling the world: blockchain is not a monster; it is a practical technology that can enhance efficiency and benefit the common people! This is a significant boost to the industry's image!
What impact does this have on us in the crypto space/ordinary people?
The landing of blockchain applications is accelerating! Payments are one of the most essential and largest scenarios. The entry of giants like LianLian will drive more companies to follow suit, leading to faster blockchain technology adoption and increasing the value of relevant talents and projects.
Focus on the 'blockchain + payments' sector! Projects involving cross-border payments, stablecoins (like compliant stablecoins for settlement), and efficient blockchain networks may welcome new opportunities.
Ordinary people may enjoy benefits in the future: if the technology spreads widely, sending remittances to foreign friends and family, shopping from abroad, and doing foreign trade business will incur lower fees, be faster, and have simpler processes, which is a real benefit!
Iron Eagle's summary:
LianLian Digital's move is akin to a seasoned veteran in the payment industry pulling out 400 million HKD to buy a 'dragon-slaying sword' called 'blockchain', with a clear target - to slay the 'high fees and slow speeds' dragon that has plagued the cross-border payment sector for years! If successful, remittances and business costs will be lower and more efficient; even if it's still in progress, it shows that large institutions already recognize the immense potential of blockchain in payments. The good show in the payment arena might just be getting started!
Is the market competition too brutal? Say goodbye to solo battles! Iron Eagle's top think tank only takes on crazy ambitious projects!
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