American Express Subscribes to Ripple’s xCurrent Payment Solution

2018-10-15 19:08

Ripple, a digital currency that uses blockchain technology for its payments solution, has gained traction in the financial services through its continuous introduction of new platforms. The most notable service offered by Ripple is the facilitation of cross-border transactions between banks and other financial institutions. The latest subscriber to Ripple’s services is American Express (AXP).

As noted earlier, Ripple provides an array of services to the financial sector, including real-time currency exchange, financial currency tracking, remittance, and gross settlement. However, its ability to perform instantaneous transfer of funds from one institution to another at affordable fees is perhaps the most outstanding feature of the entire Ripple project.

How American Express Will Benefit From Ripple

Recently, the Vice President of American Express, Colin O’Flaherty, revealed that the company is teaming up with Ripple. Specifically, AXP would use Ripple’s decentralized payment solution, called xCurrent. Colin broke the news during the Money 20/20 financial convention held in Amsterdam. O’Flaherty also serves as the general manager for AXP in both the UK and Russia.

Last week, AXP affirmed the partnership, with Colin saying that the company would solve client issues by leveraging Ripple’s peer-to-peer payment solution that supports instant transactions. During this speech, Brad Garlinghouse, the CEO of Ripple, was present. In addition to American Express, another notable financial institution that uses Ripple’s payment solutions is the Spain-based Banco Santander.

At the aforementioned conference, the CEO of Ripple spoke virtual currencies such as Bitcoin and ripple, as well as the Ripplenet blockchain ecosystem. Garlinghouse stated that AXP does not need their own digital currency tokens to use the Ripplenet blockchain platform. to this end, Brad said that the platform is segregated from the crypto token, meaning that AXP can use Ripple to exchange value from one currency to another without the need for any cryptocurrency.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 1.1181 (+0.74%)
Объем 24H $6.646b
Изменеия 24h: 2.39 %, 7d: 48.29 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $63.653b Rank 6
Цена в час новости $ 0.4426 (152.62%)

ripple financial american services solution express facilitation

ripple financial → Результатов: 126


Фото:

Ripple Stays Winning: Court Rejects SEC’s Request To Subpoena Personal Financial Information

Blockchain cross-border payment firm Ripple has snagged yet another victory in the ongoing battle with the United States Securities and Exchange Commission (SEC). Magistrate Judge Sarah Netburn has recently ruled that there is no need for personal financial records of Ripple CEO Brad Garlinghouse and Executive Chairman Christopher Larsen being out in the open as […]

2021-4-10 19:54


Фото:

Ripple в коммерции: MoneyNetint объединяется с PXP Financial

#Ripple_News_на_русском #Ripple_XRP_Новости_сегодня Ripple в коммерции проявляет отличные стратегии, которые действительно ведут к успеху. Технологии Ripple интересуют многие организации. Кроме того, многого Ripple достигает и через различные партнерства.

2019-6-13 18:16


Ripple’s Head of Regulations: Cryptos are an Additive, Not a Separate Industry to the Financial System

Crypto companies seem to be following very different ways in order to grow. While some of them are the most hardcore Satoshi Nakamoto followers and want to use their inventivity and technology to topple the current financial world and take its place, some are far more moderate than that. Ripple, without a doubt, one of […]

2019-5-3 05:32


Ripple For Good Commits $105 Million in Donations to Enhance Education and Financial Literacy

Ripple for Good has been making some serious differences in the world, in the past as well as right now. It's been announced by the Ripple team that its corporate social impact program will be supporting mission-driven organizations and initiatives with the hope of increasing the level of financial inclusion we currently see across the […]

2018-9-27 22:05


Ripple Network Shows Fantastic Results After SAP And ATB Cross-Border Payments Project

Blockchain technology is changing the way in which financial institutions work, and this can be seen with the latest developments related to the Ripple Network. Falk Rieker, Global Head of Industry Business Units for Banking at SAP, talked about how traditional financial institutions are using Ripple for cross-border payments. He explained that banks all over […]

2018-9-20 07:12


Фото:

Bloomberg fatal records Crypto Advertise File From World’s Third Biggest Trade Huobi

Bloomberg Terminal, a paid financial data monitoring service, will now list crypto exchange Huobi’s Cryptocurrency Index, according to a press release shared with Cointelegraph today, June 21. Bloomberg Terminal will also list prices for nine crypto trading pairs, denominated in Tether (USDT), including Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP),

2018-6-21 22:40