November 16, 2017 / 2:54 PM / a year ago

American Express unveils blockchain-enabled payments

Credit cards of American Express are photographed in this illustration picture in this March 17, 2016, file photo. REUTERS/Kai Pfaffenbach/Illustration/Files

(Reuters) - American Express SXP.N 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. (

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 (SAN.MC).

Reporting By Aparajita Saxena in Bengaluru; Editing by Martina D'Couto

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below