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 fintech platform. The company announced today that it will begin accepting B2B transactions on its XRP Ledger product and is working with Ripple to integrate this into their existing payment system. Greg Keeley, executive vice president of global corporate payments at Amex, said the system made transactions "more effective" for customers by cutting processing times for global transactions.