AMEX joins the RippleNet foundation, something that has caused a sharp rise in the value of this cryptocurrency in the last hours and that is becoming popular among banks and financial institutions.
One of the cryptocurrencies that has best sat 2017 has been Ripple, the cryptocurrency that can not be mined, but which is among the five with the highest (the third currently according to coinmerkercap, with an increase of 81.88% in the last 24 hours) market capitalization. This cryptocurrency based on free software has a great acceptance in the market, since it is little known, but behind this cryptocurrency are companies like Amazon or Google. Its principle is that it has no fee for transactions and has a very short validation period, which is why many banks are adopting it for the sending of cross-border capital.
The value of Ripple in just a few hours has doubled to $ 0.81, due in others to a new addition to the RippleNet foundation. AMEX has been the last to join, just a few days after the confirmation of the incorporation of American Express, something that has allowed this cryptocurrency to go up a lot of value, indeed, this important US credit company has implemented instant payments based on the blockchain of Ripple, but this service is only available to US companies and is only operative for remittances to UK companies that work with Santander UK.
Distributed accounting allows the parties to track the status and cost of the transaction. A transfer of XRP itself 'will come into play later in the evolutionary dynamic', as explained by Marcus Teacher, Global Head of Accounts strategies of Ripple. In addition, he stressed that the partnership with Skandinaviska Enskilda Banken, has generated transactions of 630 million dollars since the second quarter of this year.
"It is only a matter of time before central banks adopt Blockchain to liquidate high-value interbank funds transfers," explains Ripple CEO Brad Garlinghouse. 'A little less than 100 years ago, in 1927, the famous pilot Charles Lindbergh could have flown across the Atlantic Ocean faster than most of the payments that currently occur in that same body of water.'
