The Chinese company LinkLink has signed an agreement with XRP Ledger to launch its application for financing digital supply chains on a public blockchain and to stimulate commercial adoption. Benefits: this will allow suppliers to receive payments faster and cheaper, and the integration itself has become one of the largest real-world use cases of blockchain in global trade. With the Ripple xCurrent solution, LianLian will be able to process cross-border payments made between China, the USA, and Europe. #"In partnership with RippleNet, we will be able to increase our market share by offering customers instant blockchain payments using currently supported currencies," said LianLian CEO Arthur Zhu. In addition to LianLian, over 100 different institutions are already part of the RippleNet network. It is noted that the partnership with LianLian will open doors to the Chinese market for other RippleNet participants as well. FINANCE and PAYMENTS: Financial organizations from Japan, South Korea, Thailand, and India will be able to carry out faster and less costly transactions to and from China, according to the document. "The volume of cross-border payments related to the Chinese e-commerce market reached $1.07 trillion in 2017. There is a great opportunity to make these transactions faster and more efficient," added Ripple's Director of Partner Engagement, Amy Yoshikawa. Furthermore, leading money transfer system MoneyGram has announced a partnership with Ripple, under which it will use XRP tokens in its processes. Let us recall the following: Earlier, Spain's largest financial and credit group Banco Santander announced the launch of a mobile payment application based on the xCurrent technology developed by Ripple. Conclusion: The global payment system based on SWIFT is close to collapse, while Ripple with its native token XRP stands as its potential successor.
