American Express - Ripple Cooperation
Hello Steemians and Investors
We all saw the Ripple pump, now we will understand the cause.
American Express (Amex) is the latest company to become a member of RippleNet, joining the ranks of Credit Agricole, Airwallex and other.
Amex is joining Ripple’s blockchain network to provide faster and reliable business-to-business global payments. Originally American Express FX International Payments (FXIP) will partner with Santander UK to create a transaction channel between the U.S. and U.K, their biggest market. This step will enable customers to have more effective transactions, using the blockchain advantages and maintain the same FXIP level of security.
Ripple CEO Brad Garlinghouse: Ripple is taking a huge step forward with American Express and Santander in solving the problems corporate customers experience with global payments. Transfers that used to take days will be completed in real time, allowing money to move as fast as businesses move today. It’s just the beginning, and we look forward to growing this partnership to help other American Express FXIP customers.
Hello bit-news! A question: is that to say that Ripple's main agenda and source of value/recognition is selling or hiring its blockchain to banks and payment intermediaries ? I thought the blockchain approach was meant to desintermediate and to free users from big corporations, empowering them... I guess Ripple now belongs to the "private blockchain" category. Thanks for sharing.
only way that works- be part of the new ones