Thursday, March 28, 2024
Homethe fintech effectAmerican Express, Santander team up with Ripple for cross-border payments via blockchain

American Express, Santander team up with Ripple for cross-border payments via blockchain

  • Payments made by American Express' business customers on its FXIP platform will now be routed through Ripple's enterprise blockchain network
  • The blockchain project will initially allow customers in the U.S. to make instant, traceable cross-border payments with U.K. Santander bank accounts
  • Ripple said that its cryptocurrency, XRP, will "come into play" as a means of speeding up payments later on down the line

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