American Express: Ripple allows for transactions in a matter of seconds
Home News American Express: Ripple allows for transactions in a matter of seconds
Marcel Knobloch –
Industry experts see in Ripple’s block chain technology, the new crypto-money and a solution, to solve the traditional problems of the traditional financial industry. American Express is already testing a software solution from Ripple and is very satisfied with the results.
American Express unveiled the results of a test run, with Ripple’s software solution xCurrent, which was used for cross-border payments. On the Wings of Change Europe conference in Madrid, General Manager, corporate payments at Amex, Carlos Carriedo, that Ripple can accelerate the currently slow-evolving Status Quo of international payments dramatically (freely translated):
We have made a pilot test. We have carried out a Test, a partnership with Santander and with Ripple, just to cross-border transactions.
Cross-border transactions are still complex and slow. By this Test, our customers were able to within a few seconds money is very transparent and seamlessly from one part of the world in the other transfer.
Carriedo is with the results, really pleased and looks great in the block-chain technology of great potential. His company will continue to invest in the research of this new Innovation (freely translated):
Blockchain is absolutely an Option we are looking at. To give you a sense, we have invested in a Fintech lab, which is based on Blockchain technology. Just to understand, how you can make better use of…
To come so more. There are still many things that need to be addressed with the Blockchain as a technology. But it is very promising.
The partnership between Amex, Santander, and Ripple is now already more than a year old and is trying to accelerate the speed of transactions between the United States and great Britain. Both American Express as well as Santander are open to it, also on the basis of the present results, the partnership globally.