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On Thursday, American Express and Santander officially announced a partnership with blockchain network Ripple. The companies state that they aim to reduce costs and increase speed for across-the-border transactions between the US and the UK. The collaboration will route payments made through American Express’s FX Internation Payments platforms by business customers through RippleNet.
Marc Gordon, executive vice president and chief information officer at American Express, said: “This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world.”
While other major electronic payment platforms, such as MasterCard, have ... (read more)