Recent information regarding the partnership between American Express and Ripple highlights the integration of blockchain technologies within the financial sector. American Express employs RippleNet to streamline international transactions.
American Express Utilizes RippleNet
American Express is utilizing the RippleNet infrastructure for real-time transactions aimed at corporate clients. While the company does not directly hold XRP, it benefits from RippleNet, which processes transactions leveraging XRP, providing faster international transfers.
The Role of XRP in Streamlining International Payments
XRP serves as a highly liquid bridge for international payments, processing transactions in just a few seconds. This is achieved with minimal fees and without reliance on traditional banking infrastructure, making it more efficient than systems like SWIFT, which can take days to settle.
Growing Interest in XRP and ETF Opportunities
The increasing interest in XRP is also linked to the potential launch of an XRP-based ETF. In light of a recent court ruling affirming that XRP is not a security in secondary market sales, investor interest in this asset continues to grow. American Express's strategic use of RippleNet signals XRP's growing importance in real-world finance.
American Express's collaboration with RippleNet underscores a trend towards the integration of blockchain technologies in traditional financial structures. This could further facilitate the adoption of XRP as a medium for international payments and enhance its appeal to investors.
