Through a joint project of AmEx – The LianLian Group, Ripple's path to penetrate the e-commerce market in China has been clarified.
With the goal of processing faster and more efficient card payments, the AmEx joint venture was approved by the Chinese who made AmEx the first US-based company to be directly connected to the market mentioned in China.
Ripple[NET] has signed a partnership at the start of this year with AmEx's JV LianLian Group to offer better financial and payment services.
The fifth largest bank in the world will use ripple (XRP) for a cross-border interbank payment service between Japan and Brazil
Keeping in mind that the company behind XRP, RippleNet and xCurrent provides various payment solutions both within and outside of a specific country, LianLian Group [counting +150 registered users] used blockchain technology to complete and adjust e-commerce payments. However, cross-border transfers have been in the menu also provided with the use of xCurrent.
It is known that card payment companies outside of China encounter the struggle that operates freely in the midst of all rigid policies as they are forced to cooperate with UnionPay. But AmEx is the first to work without the state monopoly consortium.
The approval is a "significant step towards the opening of the Chinese bank card market to foreign investors", said the central bank, adding that it will continue to neatly facilitate market access for clearing and settlement institutions. – Reuters.
The second most famous currency for cross-border transactions XLM has canceled the monthly [since 04/2018] the decline of the opening gates of the trend for higher earnings has put on show the last 24 hours with an increase of 6.20% despite the entire market struggling to remain in the green against sellers.
Exceeding the $ 0.25-0.26 level, which is the previous ground before the last dive into the market, has raised and pushed up the value against the US dollar.
For now to write the XLM / USD pair is changing hands to $ 0.2764, whose brand has not been visited since the beginning of August and at the end of September for a short period of time.
Stellar Lumens (XLM) vs. Ripple & # 39; s XRP: Round Two