.@Ripple and @santanderuk announce partnership with @AmericanExpress
- Business customers' payments will be routed through Ripple
- $XRP will "come into play" later down the line
#XRPthestandardhttps://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html …
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There is. Use of XRP would cut costs even more. Especially in exotic corridors. USA > UK is not an exotic corridor, but AmEx will expand to more corridors. Additionally, banks wait for monetary authorities to set up an adequate regulatory climate for cryptocurrencies.
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I see. Regalutory uncertainty regarding crypto isn't something you want as a financial institution willing to integrate it :p How can banks benefit from the Ripple network without using the token though?
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Good question! RippleNet links financial institutions that have implemented Ripple's enterprise-grade version of the
@Interledger Protocol (xCurrent). Payments within this network are atomic (cannot fail), real-time and transparent. That saves lots of money. Next step is$XRP!
End of conversation
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