American Express launches Ripple payments

American Express corporation starts collaboration with cryptocurrency Ripple starting to allow blockchain-based payments
16 November 2017   1815

On November 16, American Express, also known as Amex, multifunctional financial services corporation headquatered in New York City, introduced instant blockchain-based Ripple payments avaliable for U.S. corporate customers sending funds to UK-based businesses that bank with Santander UK. The companu claimed that the service will be extended in the future.

The announcement also appeared in the official twitter account of Ripple cryptocurrency.

Coincheck OTC to List ETH & XRP

OTC-platform from Coincheck aimed at large investors, started working about two weeks ago and minimum transaction threshold is 50 BTC
15 April 2019   309

Coincheck has added support for Ethereum (ETH) and Ripple's XRP token to the recently launched over-the-counter (OTC) platform. This is reported by Cointelegraph.

In addition to ETH and XRP, the Coincheck OTC platform supports Bitcoin. The management of the marketplace plans to add other cryptoactives in the future.

OTC platforms are focused mainly on large traders who want to reduce transaction costs when working with large amounts. In particular, transactions on such platforms are carried out outside the main book of exchange orders, which sometimes allows to avoid excessive price fluctuations. In addition, at such sites, investors often have the opportunity to buy or sell an asset at a better price.

OTC-platform from Coincheck started working about two weeks ago. The minimum transaction threshold is 50 BTC.

Last year, Coincheck fell victim to a massive hacker attack, during which over $ 500 million in XEM equivalent was stolen.

Then the exchange was bought by a large online broker Monex Group Inc. The deal amounted to $ 33.6 million.