The American operator of payment cards American Express jointly with the Spanish bank Santander UK, launched a new payment corridor between the US and the UK using the distributed network Ripple.
RippleNet technology has enabled AmEx customers located in the United States and using US dollars to connect with Santander bank customers in the UK using British pounds sterling.
This transatlantic corridor is positioned as a faster and safer way to make such a remote payment. Now the time for a money transfer between England and the United States will not take several days, but only a few seconds.
Representatives of AmEx stated that non-card transfers pass through a common payment network. This allows you to make almost instantaneous monitored cross-border payments.
'American Express has a very long history of integrating new technologies. Cooperation with Ripple and Santander is a new page in our history, changing the way we move money around the world, 'said AmEx IT Director Mark Gordon.
'Translations that used to take several days will be made in real time, allowing the money to move hands-on instantly,' said Ripple CEO Brad Garlingyes.
Also American Express is interested in applying blockchain in loyalty programs.
🤗 source: http://bits.media 🤗