American Express Is Hiring to Sell a Ripple Based Blockchain Product

Chirayu Choubisa

June 12, 2018 11:42 am

American Express Is Hiring to Sell a Ripple Based Blockchain Product | Coindelite News
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Payments Company AmEx is Recruiting to help sell Ripple-Powered Blockchain Product

Payments Company American Express is expanding its work with blockchain, recent statements and details on job posting shows.

The collaboration between AmEx, Ripple and Santander Bank that started back in November of last year is touching new heights as trio continues to push blockchain solution to foster secure, high-speed cross-border payments. In a job posting on the American Express carrier board, a clear reference was made to the association as evidence of the company’s  focus “growth, new products, and technology offerings to meet customer requirements and build on the American Express brand.”

The ad stated, “In 2018, we are introducing a blockchain solution with Ripple and Santander” which seems to have since been edited out.

Both Santander Bank and American Express, since the advent of their association with Ripple, have been utilizing startup’s technology to move money across borders.

According to a report by Smartereum, Mr. Colin O’Flaherty  Vice President, American Express affirmed last week at Money 20/20 Europe that the company would be utilizing Ripple’s xCurrent tool to allow global transactions at higher speeds and a higher level of transparency.

Mr. Colin O’Flaherty said at the event, “Ripple offers instantaneous, point-to-point conversations between the sender and receiver of funds. And that provides a real opportunity to alleviate most of the issues our customers are facing,” talking of the challenges small-to-medium-sized enterprises (SMEs) encounter when engaging in cross-border payments.

The xCurrent product is now being utilized by Santander to allow their OnePayFX services which enable clients to complete international transfers either on the same day or the next one.

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