Payments made by American Express' business customers on its FXIP platform will now be routed through Ripple's enterprise blockchain network.
The blockchain project will initially allow customers in the U.S. to make instant, traceable cross-border payments with U.K. Santander bank accounts.
Ripple said that its cryptocurrency, XRP, will "come into play" as a means of speeding up payments later on down the line.
"The XRP currency will come into play later on in the evolutionary dynamics and the other players," Marcus Treacher, global head of strategic accounts at Ripple, told CNBC in an interview.
This is really a good news for ripple it's not moving a lot right now but this is something that could have a huge potential for the future !
The news sources were taken on this website:
https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html?__source=twitter
