Altcoin NewsNEWSXRP News

Ripple Successfully Embarks on China’s Market – Stellar Lumens XLM Price Dominates

XRP Future

Ripple

Via a joint project of AmEx – The LianLian Group, Ripple’s path of penetrating China’s e-Commerce market has made itself clear.

With the target of processing card payments faster and more efficient, AmEx’s joint venture has been approved by the Chinese which  has made AmEx the first firm located in U.S to be direclty linked to China’s aforementioned market.

Ripple[NET] has signed down a partnership in the beginning of this year with AmEx’s JV LianLian Group to deliver better financial and payment services.

Read Also:

World’s Fifth Largest Bank Will Use Ripple (XRP) For a Japan-Brazil Cross-Border Interbank Payment Service

Keeping in mind that the firm behind XRP, RippleNet and xCurrent provides various payment solutions for within and outside a specific country, LianLian Group [counting +150 registered users] utilized the blockchain tech to complete and settle e-commerce payments. Adittionally, cross-border transfers have been in the menu also being delivered with the use of xCurrent.

Card payment firms outside of China are known to meet struggle operating freely in the middle of all the strict policies as they are forced to function with UnionPay. But AmEx is the first to work without the state-monopoly consortium.

The approval is a “significant step toward opening up China’s bank card market to foreign investors”, the central bank said, adding that it would continue to ease in an orderly way market access for clearing and settlement institutions. – Reuters.

Stellar XLM

The second-most famous coin for cross-border transactions XLM has cleared the monthly [since 04/2018] declining trend opening gates for more gain as showcased the last 24-hours with 6.20% increase despite the whole market battling to stay in the green against sellers.

Stellar Investing

Breaking above the $0.25-0.26 level, which is the previous ground before the latest market plunge, has hoisted and pushed the value against the US Dollar speedy upwards.

Per time of writing the pair XLM/USD is changing hands at $0.2764 which mark has not been visited since beginning of august and end of September for a short amount of time.

Stellar Lumens (XLM) vs Ripple’s XRP: Round Two

Alex Tomzack
About author

Alex Tomzack is a crypto-enthusiast and has been fascinated since first hearing about it. Loves technology, writing, culture while being a regular trader and holder of digital assets. Email: [email protected]
Related posts
NEWS

Wait, Bitcoin’s Biggest Threat is Users, Not Regulation or Hackers

NEWS

Will Binance Chain (BNB) Have a Devastating Effect on Ethereum (ETH) Sending Price to Double Digits?

NEWS

Binance Chain Is Where Shitcoins Go To “Pump And Dump” One Last Time Before They Die

Crypto AnalysisNEWS

Bought the Dip? Cryptocurrency Rallies After Weekend Drop