American Express, the payment giant, is hiring new employees to help sell Ripple’s xCurrent, reported Coindesk on June 12.
American Express, Ripple and Santander Bank partnered in November 2017 and the trio is still working on developing new blockchain solutions in order to foster secure, high-speed international payments.
Recently, AmEx made a clear reference to its partnership by emphasizing the company’s focus on “growth, new products and technology offerings to meet customer needs and build on the American Express brand.”
“In 2018 we are introducing a blockchain solution with Ripple and Santander,” the ad expressed, which seems to have been removed.
Santander and American Express have both been using Ripple’s blockchain technology in order to transfer money internationally.
Colin O’Flaherty, American Express vice president, mentioned last week during the Money 20/20 Europe that the payment giant will be using Ripple’s xCurrent tool to facilitate global transactions with a greater level of speed and transparency.
While speaking of the challenges small-to-medium-sized enterprises (SMEs) are facing to accomplish cross-border payments, he said at the event last week,
“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.”