American express uses ripple

Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds. And that provides a real opportunity to alleviate most of the issues our customers are facing. The Vice President of American Express Colin O’Flaherty on Wednesday confirmed that the company was officially using xCurrent, a blockchain-based financial solution from Ripple Inc. He also highlighted the inroads the blockchain startup has made in the financial industry. According to him, more and more banks were continually embracing Ripple’s technology. San Francisco-based Ripple is a frontrunner in the development of blockchain-based solutions for cross-border payments and settlements. Major products on the RippleNet are the xCurrent and xRapid.

Caution for Mayhem – American Express is reportedly using Ripple’s xcurrent

It is a thing of naught to actually look at American express’s success without cryptocurrency. The Vice President of American Express Colin O’Flaherty on Wednesday asserted and probably confirmed that the company was officially using xCurrent, a blockchain-based financial solution from Ripple Inc. “Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds. And that provides a real opportunity to alleviate most of the issues our customers are facing,” he uttered these words at a discussion session at the event. Among the panelists sitting at the event was Brad Garlinghouse, CEO of Ripple. In November last year, the American Express alongside Santander Bank had made an agreement pertaining to the permission for Ripple to use its technology to facilitate and speed up cross-border payments between the US and UK.