Ripple, which is one of the hottest coins this fall, has managed to draw attention from multiple market players. The latest company to express its support for the coin is the multinational financial services corporation American Express.
During Wings of Change Europe conference in Madrid that was held this week Carlos Carriedo, general manager of corporate payments at American Express, made it clear that he is fond of Ripple. Why? Because it secures ultra fast and efficient transactions around the globe.
He went on elaborating that the company is currently testing blockchain to the full in its fintech laboratory in order to increase transactions’ speed. During one of the tests, the company used Ripple. That is when magic happened: clients from different parts of the world transferred funds seamlessly in a matter of seconds.
While Carriedo was indeed highly enthusiastic, he admitted that the promising technology still needs time for large-scale adoption.
“The future is definitely digital. Digital is the way payments will continue to be across both the consumer part of the business the commercial part of the business,” he noted.
The statements made by American Expresse’s general manager of corporate payments show that partnership aimed at enhancing the speed of worldwide transactions between American Express, Santander and Ripple struck in 2017 is beginning to bear fruit.
It is also noteworthy that despite the current bear market, Ripple continues to thrive. Recently, the company, which has earned a dream employer title, was added by Coinbase Custody. Besides, the rumor has it that the company is planning to sign a partnership with Bank of America.