The American payment system American Express together with the fintech startup Ripple will use blockchain technology for the implementation of operational transnational payments, Ripple website reported.
Thus, American Express will provide much faster money transfers, which will be carried out by its corporate clients and by clients of the UK bank Santander. Therefore, the process of transferring funds will take several seconds.
According to representatives of American Express, this solution will be not only faster, but also absolutely safe option.
In addition, chief information officer Marc Gordon stressed that the partnership with Ripple, as well as implementation of the accelerated payment corridor based on this technology, will improve the system of international transfers.
After this news, the value of Ripple's cryptocurrency increased by almost 20%. On the exchanges of Coinone and Bithumb, its price is $0.2516, and on the Korbit exchange is $0.2507.
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