The blockchain is one of the key technologies to evolve at this time. It was first introduced in 2008, and since then several cryptocurrencies has adopted it in amazing fashion. Blockchain has been part of many projects. One of the most talked projects is instant cross-border payment by American Express using Ripple. I am very excited about how this is going to work in reality.
American express and Ripple are operating along to form instant cross-border payments a reality exploitation blockchain technology. SMEs and businesses worldwide will enjoy the innovation of blockchain-powered instant payments, serving to drive international commerce.
This is the employment case for American Express’ use of Ripple’s blockchain solutions for payments. SMEs still structure the backbone of most major and developing economies, and that they are most wedged by the inefficient, expensive international payment system. Firms like American Express associated Ripple are innovating to produce businesses the flexibility to transfer worth as simply as causing an email.