American Express has opened up an instant B2B blockchain payments system using a new fintech platform from start-up Ripple, developer of the Ripple payments protocol and exchange network. US corporates...
American Express has started phasing in the acceptance of business - to - business ( B2B ) blockchain payments using Ripple 's payment platform . Ripple 's real - time and trackable blockchain service allows US companies to make instant cross - border payments to UK firms banking with Santander . John Keeley , executive vice president of global corporate payments at Amex , said the system made payments " more effective " for customers by reducing processing times for global transactions .