American Express® FX International Payments collaborates with Santander to enable real-time payment processing, instantly connecting American clients to the UK through the Ripple network.

New York

American Express (NYSE: AXP) today announced the implementation of cross-border payments using blockchain. The American Express® FX International Payments (FXIP) business is working with Ripple, a provider of enterprise-grade global blockchain solutions, to make blockchain payments commercially viable, reducing the time and cost of settlements while maintaining the level of security that American Express customers know and expect. Santander UK is the chosen partner to initiate this exciting new transaction channel, which may significantly expand over time. $XRP #Ripple