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With the wave of support for the adoption of blockchain technology, General Manager of Corporate Payments at American Express, Carlos Carriedo, suggested that his pilot tests on real-time cross-border institutional payments using Ripple technology they were successful. At the beginning of the week, Carriedo spoke at the Wings of Change Europe event and made it clear that the American Express has a strong interest in the technology behind the blockchain. The general manager 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 understand how to make the most of this."
Carriedo has continued to report Ripple in particular, who is working with American Express and Santander to test a cross-border payment solution powered by blockchain.
Second Pymnts, he continued adding:
"We did a test, working with Santander locally and with Ripple to do only transnational transactions, and in a few seconds, through this test, our clients were able to transfer funds in a very transparent and transparent way, on the one hand in the other world. "
In 2017, American Express collaborated with the RippleNet blockchain network to deliver B2B in real time. The collaboration sees the global payments of American Express FX join Santander UK to design a mechanism to transfer corporate funds between the United States and the United Kingdom in real time.
"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. payments will continue to be both in the consumer business and in the commercial part of the business ".
Like the same conference, Carriedo praised Ripple saying they are doing a great job in improving the global payment processing system through the native token of the platform, RXP and other financial instruments. In addition to that, he added that Ripple has great potential and that the future of payment processing will be something completely digital. You can read more on what else Carriedo said Here:
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