(Reuters) - American Express on Thursday said it was working with Ripple, a blockchain solutions provider, to enable cross-border payments in partnership with Santander UK.
The card issuer said its foreign exchange international payments business will make blockchain-enabled payments available to its customers, which will help reduce the time and cost of settlement. (http://reut.rs/2j1YmgG)
The Ripple network will help connect U.S. customers to the UK, Amex said.
Santander UK is a financial services provider in the UK, wholly-owned by Spanish Santander Group.
(Reporting By Aparajita Saxena in Bengaluru; Editing by Martina D'Couto)
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| 0.5598 EUR | +5.41% | +31.88% | - | ||
| 0.6101 USD | +5.27% | +33.00% | - | ||
| 0.000009 BTC | +3.32% | +12.50% | - | ||
| 0.0007 ETH | +0.71% | -9.00% | - | ||
