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Ripple has innovated in the encrypted world since it started. The celebrities were part of the clamor to show potential users the benefits of their fast cross-border payments, helping the XRP token to become one of the most essential circuits in the entire industry. As they did for the crypto community and various cases of use, the rest of the finance world is finally starting to take note.
Carlos Carreido, general manager of corporate payments at American Express, spoke at a conference in Madrid called Wings of Change Europe. He explained how Ripple's performance allows them to make a big difference in payment processing globally.
Carriedo said
"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. a test, collaborating with Santander at the local level and with Ripple to do only transnational transactions Cross-border transactions continue to be complex and slow, and in a few seconds, through this test, our customers have been able to transfer funds in a very transparent and transparent, on one side of the world. "
Even with apparently enthusiastic enthusiasm, Carriedo remained realistic about the problems that need to be corrected before mass implementation occurs. Ripple has a lot of potential, on which Carriedo elaborates.
He said:
"There's more to come in. There are still many things that need to be tackled with blockchain as technology, but it's very promising … The future is definitely digital, digital is the way payments they will continue to be both in the consumer part of the business [and] the commercial part of the business. "
Currently, American Express has already made progress towards reducing inefficiencies in legacy payment systems by collaborating directly with Ripple. The two most advantageous results derive from the collaboration with Santander, which has installed a network for cross-border payments and their new authorization permit for Chinese operations.
The innovation of fintechs, like Ripple, is becoming crucial for American Express for their adaptation to the current needs of the financial world.
In their words, says the company,
"There are companies that can make emerging technology faster and in a cheaper way [way]and we need to work with them ".
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