A few hours ago there was an unexpected increase in the Ripple currency going from 0.47 USD to 0.87 USD.
This unexpected increase is due to the credit card giant, American Express, joining the RippleNet foundation, causing a significant rise in the unit value of the cryptoactive.
The news was announced through a tweet from the official account of Ripple which contained a link to a press release on the official website of the cryptoactive.
The statement states that the reason for this union is to give visibility and speed to global payments on the American Express platform through the Ripple Blockchain in real-time B2B mode, which will ultimately improve the customer experience.
The graph of CoinMarketCap shows us the unexpected rise of 80% for the cryptoactive that occupies the third position of capitalization in the market.
With the intention of providing the customer with a better and faster service, by taking advantage of the power of RippleNet, American Express customers will see an immediate improvement in the way they send money worldwide.
Compared to the traditional payment process, payments enabled by Ripple's Blockchain simplify connections with intermediaries and provide immediate end-to-end visibility of the status and cost of the transaction.
As a result of this union between two big companies of the financial world, the Vice President of global payments of American Express, gave brief statements about the Blockchain technology and the benefits that the Ripple network would bring to its services.
"We have already seen evidence that Blockchain technology is playing a transformative role in the way customers are served ... This alliance with Ripple not only helps reduce the time it takes to process international transactions, but can also make our transactions more effective for our customers. "
In this way American Express joins the group of member companies of RippleNet, entering the list with companies such as Credit Agricole, AirWallex, Cuallix, among others.
Already knowing this, it is easier to understand why Ripple so suddenly fired. It is likely that by 2018 we will witness more alliances for both Ripple and other cryptoactives, with 2018 being a promising year for the cryptocurrency ecosystem.
