American Express and Santander To Use RippleNet to Ease US-UK Cross Border Transactions12.37

With the Bitcoin Cash (BCH) hash wars stealing the show in the crypto-verse for the last one week, we might have missed out on an important development in terms of blockchain technology being used to ease cross-border transactions. American Express, Santander and Ripple have teamed up to speed up cross-border payments in the US-UK financial corridor.

Many of us are aware that Santander has been using Ripple’s xCurrent to power its One Pay FX payment platform that allows its retail customers in Spain, UK, Brazil and Poland to make instant cross-border payments. In the case of American Express, the credit card services giant confirmed it was using xCurrent during the Money 20/20 event in Amsterdam earlier on in the year.

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