American Express to Launch Blockchain Platform with Ripple and Santander in 2018

American Express is planning to launch its own blockchain platform before the end of 2018 according to a job posting that recently appeared online.

The job posting, which you can view here on the American Express jobs database, is open for the public to view. It’s unclear if American Express deliberately revealed the information or if this was meant to be an internal job posting. In any case, the job posting is still online hours after the news first broke – so it doesn’t appear to be a mistake.

AMEX launching blockchain product together with Ripple and Santander in 2018! from Ripple

American Express has already confirmed that it has partnered with Ripple to launch a blockchain solution called xCurrent. Last week, American Express Vice President Colin O’Flaherty revealed that his company was using xCurrent, a blockchain-based financial solution from Ripple Inc. O’Flaherty confirmed the news at the last day of The Money 20/20 event, which took place from June 4 to 6 in Amsterdam.

The job is officially with FX International Payments, or FXIP, which is part of the Global Corporate Payments division of American Express. FXIP is currently operating in five markets worldwide, including the United States, the UK, Australia, New Zealand, and Singapore.

In the job posting you find the description:

“In 2018 we are introducing a block chain solution with Ripple and Santander. This is an exciting time to join the FXIP organization as we increase our focus on growth, new products and technology offerings to meet customer needs and build on the American Express brand as a top, global provider of payments services.”

The Sales Coordinator will be responsible for contacting prospects to determine their upcoming payment needs.

American Express First Partnered with Ripple in November 2017

We first heard news of a partnership between American Express, Ripple, and Santander Bank back in November 2017.

In November, the two banks entered an agreement with the blockchain technology company to use Ripple’s blockchain to speed up cross-border payments between the United States and the UK.

Following the arrangement, payments made through American Express’ FXIP platform were routed through Ripple’s enterprise-grade blockchain network, RippleNet.

This latest job posting reveals that American Express is taking blockchain technology a step further. American Express will use Ripple’s xCurrent blockchain to facilitate payments from customers to SMEs.

San Francisco-based Ripple Inc. is a leading provider of blockchain technology to banks and corporations. The company’s flagship blockchain platform, RippleNet, hosts two key products – xCurrent and xRapid. Banks can use Ripple’s protocol to exchange value from one fiat currency to another directly without the need for any intermediate blockchain currency. Unlike other currencies, there’s a separation between the cryptocurrency and the blockchain.

“By the end of this year, major banks will use xRapid as a liquidity tool,” explained Brad Garlinghouse, CEO of Ripple, speaking at last week’s The Money 20/20 event in Amsterdam, as reported by Smartereum. “By the end of next year, I would certainly hope that we will see […] in the order of magnitude […] of dozens.”

Obviously, American Express is one of the first major names to jump onboard – and this job posting proves this is real. Stay tuned for more information as Ripple and American Express continue their partnership.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

KuCoin Hack Update: 11 Crypto Projects Freeze the Stolen Tokens

Over the weekend, KuCoin lost about $275 million in BTC, XRP, BSV, XLM, TRX, stablecoins, ETH, and other ERC-20 tokens in a security breach....

Bitcoin Re-Entering the ‘Intense Historical Trading' Area Following a Strong Uptrend

Bitcoin is back at near $11,000. The leading digital currency has been making its way upwards since the mid of last week. Today, to mark...

Alameda Research and Three Arrows Capital Outdoing Each Other to Mint Record WBTC

On Friday, FTX CEO Sam Bankman-Fried’s Almeda Research minted the biggest wrapped Bitcoin (WBTC) ever, as per WBTC Network. 2317 BTC was minted on Sept....

“Nothing Compares to My Bitcoin Bet,” Says Social Capital CEO Chamath Palihapitiya

Bitcoin was the best performing asset of the last decade, and in 2020, it remains a winner again. Compared to the S&P 500 hitting a...

The XRP Ledger Foundation Launches To Accelerate XRPL Adoption And Development

The XRP Ledger Foundation, a non-profit, announced its official launch on September 24. The Ledger Foundation would be responsible for supporting the development as...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today