This article was first published on: Insights – Ripple --

The movement to modernize the global payment system is quickly gaining momentum as another major global financial services company joins RippleNet.

American Express is the latest company to become a member of RippleNet, joining the ranks of Credit Agricole, Airwallex, Cuallix, and more.

American Express is joining Ripple’s blockchain network to provide real-time, business-to-business global payments that will ultimately enhance their customers’ experience.

Initially, American Express FX International Payments (FXIP) will partner with Santander UK to create a transaction channel between the U.S. and U.K. — a first and a boon for the corridor. The U.S. is the U.K.’s largest trading partner, creating an immediate need for frictionless corporate global payments in the U.K. market.

Partnering to deliver faster, better service

By leveraging the power of RippleNet, FXIP customers will see an immediate improvement in how they send money globally.

Compared with the traditional payment process,...

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