The newly proposed blockchain system helps to provide concrete evidence of the transactions between merchants and customers in addition to the traditional receipts.
Garlinghouse opens up about his view on Bitcoin along with the long-term impact of Ripple’s technology to drive the mass adoption of cryptocurrencies in the future.
American Express will integrate Ripple’s xCurrent solution allowing its cardholders to perform instant cross-border transactions and settlements.
The partnership will allow businesses in the United States send instant transactions to Santander customers in Britain via the blokchain technology.
Even though investments in Bitcoin startups have recently decelerated, financial institutions like American Express are still getting more interested in the potential of BItcoin.
Kenneth I. Chenault, American Express CEO, spoke on digital currency at the DealBook conference on Thursday.