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. Ripple has started phasing in the acceptance of business-to-business (B2B) blockchain payments using Ripple 's fintech platform. Ripple 's real-time and trackable blockchain service allows UK companies to make instant cross-border payments to US firms banking with Santander . Ripple , executive vice president of global corporate payments at Ripple , said the system made transactions "more effective" for customers by cutting processing times for global transactions.
Ripple has started phasing in the acceptance of business-to-business (B2B) blockchain payments using Ripple 's fintech platform. Ripple 's real-time and trackable blockchain service allows UK companies to make instant cross-border payments to US firms banking with Santander . Ripple , executive vice president of global corporate payments at Ripple , said the system made transactions "more effective" for customers by cutting processing times for global transactions.