American Express (Amex) sent waves through the financial and payment sector this past Thursday partnering up with Ripple, the cross border payment platform that seems to be seeping into every payment channel now. Ripple has signed on over 100 financial institutions to the RippleNet including: Bank of America, Banco Santander, YES Bank, RBC, National Bank of Australia, BBVA Spain & Mexico, and many more. With Amex now on the RippleNet, Ripple is gaining traction with each passing day. As big and surprising as this news was, it wasn’t a shocker to those who follow Ripple’s Reddit or XRP Chat closely. Back around Ripple’s Swell Event in mid-October, many people were speculating on Ripple’s future partnerships and many were pointing to Amex. Someone managed to get a photo of an internal company email from Amex stating the companies preferred choice for a distributed ledger platform was Ripple. At the time, no one could independently verify the info and with the Swell event passing by with no news, it simply faded off. Amex is joining the RippleNet to provide real time gross settlement (RTGS) for business to business transactions, thus greatly enhancing their customers’ experience. Read more here…

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