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Ripple is a fintech that focuses on the use of blockchain technologies to facilitate financial transactions by traditional means and seems to bring positive results. Not only has XRP established itself as the most important altcoin in the global market, but the company and its services continue to receive high praise from important players in the world of finance.
Ripple: a good partner for American Express
Speaking at the Wings of Change Europe conference in Madrid a few days ago, Carlos Carriedo, director general of corporate payments at American Express, explained that Ripple has the potential to improve the way in which payments are traditionally processed around the world.
"Blockchain is absolutely an option we are looking at. Just to make sense, we invested in a fintech lab based on blockchain technology, just to figure out how to make the most of this …
We did a pilot. We did a test, working with Santander locally and with Ripple only to make cross-border transactions. Cross-border transactions continue to be complex and slow. And in a few seconds, through this test, our customers were able to transfer funds in a very transparent and transparent way, on one side of the world. "
A bright future needs time
Despite the enthusiasm, Mr. Carriedo emphasized that there are still some aspects that need to be adequately addressed before it is possible to talk about a massive implementation; however, he is convinced that there is great potential in Ripple technology.
"There is something else to come. There are still many things that need to be addressed with blockchain as technology. But it is very promising …
The future is decidedly digital. Digital is the way in which payments will continue to be both in the part of the consumer's business and in the commercial part of the business ".
American Express has established a serious business relationship with Ripple in an effort to achieve solutions that reduce the friction and inefficiencies inherent in legacy payment systems currently in use. Two of the most important fruits of this alliance were the collaboration with Santander for the installation of a cross-border payment processing network and the approval of a permit to operate in China.
For American Express, the innovation offered by some fintech as Ripple is of utmost importance to adapt its business policy to modern times:
"There are companies that can make emerging technology faster and in a cheaper way we need to work with them.
