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.
We're excited to announce @ AmericanExpress joined RippleNet! Instant payments are now live between the US - UK!https://t.co/nPSjUTmqUy
— Ripple (@Ripple) 16 November 2017
Ripple, the cryptocurrency which focuses on cross-border payments is already working with a decent amount of big banks and companies including Standard Chartered Plc, Accenture Plc, SBI Holdings and Gates Foundation.
This collaboration with Ripple and Santander represents the next step forward on our blockchain journey, evolving the way we move money around the world.
Cheief Information Officer, American Express
American Express has a long a developing further history of integration with new technologies, for instance in the end of October 2017, the cirporation made an announcement that it may start using a blockchain database as part of a consumer rewards program.