Quick overview

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American Express and Ripple are collaborating to highlight how well-known financial institutions are adjusting to online, international payment systems. Ripple’s relationship with American Express predates the most recent wave of crypto-fintech collaborations by several years.

The researcher’s post was well received by the XRP community, which has long seen Ripple’s business alliances as proof of XRP’s ongoing significance in the financial industry.

Major financial firms like Visa, Wirecard, and American Express have been making significant investments in technology and partnering to improve international digital payment systems, as highlighted in the UK Fintech Week discussion. The speaker pointed out that these companies are working to enhance online platforms and give merchants the ability to transact more effectively in global marketplaces. American Express and Ripple’s partnership was cited as an illustration of how it was established.

Experts have demonstrated that American Express makes use of XRP, which is intended to enable real-time, cross-border transactions.

The partnership has improved international payments for corporate clients by enabling quicker and more transparent settlements between companies operating in various regions.

The announcement that Coinbase and American Express are collaborating to introduce a cryptocurrency credit card that offers Bitcoin rewards coincides with the renewed attention being paid to Ripple’s role. American Express’s announcement placed the company in line with the expanding trend of conventional payment companies launching consumer-focused digital asset products.

Ripple’s partnership with American Express, however, predates this development and represents an earlier stage of blockchain adoption in financial services, as SMQKE highlighted by sharing the video. Advocates of XRP take pride in this distinction, claiming that the digital asset is better than its rivals and has remained a steady presence at the enterprise level.