<center>![](https://i.imgur.com/9tjRBsm.jpg)</center>
<br>

### Today has been a very exciting day for RIPPLE - a very exciting day for cryptocurrencies in general.
As we are slowly making our way towards mass adoption, more and more companies are realizing the enormous benefits of blockchain technology, and are finally implementing them into their own businesses.

### *American Express has just announced that they will be cooperating with Ripple to implement Blockchain payments!*
A finance giant like Amex cooperating with a cryptocurrency company marks a huge milestone in the adoption of blockchain technology. 

https://cdn-59df5a32f911c828b465b99a.closte.com/wp-content/uploads/2017/11/Ripple-American-Express-XRP.png


<br>
## Amex and Blockchain Services
American Express will be cooperating with Ripple to implement real-time payment systems.
#### A press release from Ripple states:
<blockquote>
American Express is joining Ripple’s blockchain network to provide real-time, business-to-business global payments that will ultimately enhance their customers’ experience.
</blockquote>

At first, American Express will team up with Santander UK to enable immediate payments between the U.S. and the U.K.. 
The U.K. is in need for a commercial global payment infrastructure - and this partnership could satisfy that.
The U.S. and the U.K. are each others largest trading partners in the field of global payments, which is what makes this cooperation especially important and efficient.

https://www.youtube.com/watch?v=W1lx9ERPT7o

<br>


## Benefits of Blockchain for Amex


Customers of FXIP will experience a vast improvement when sending money globally, transactions can be completed within fractions of a second.
Due to the cooperation with Ripple, all transactions will be immediately visible on the Blockchain. 

Apart from transaction speed, the blockchain-based payment system also provides very high levels of security, which American Express holds as their standard. 

#### Greg Keeley, executive vice president of global corporate payments at American Express, has stated that:
<blockquote>
“We’ve already seen evidence that blockchain technology is playing a transformational role in the way customers are served. Not only does this partnership with Ripple help decrease the time it takes for international transactions to be processed, it can make our transactions more effective for our customers."
</blockquote>



![IMG_1253.JPG](https://steemitimages.com/DQmeAzVT1kCuP1ESP9qsYMV299KEF5PkaF2vioPRVpJqWUU/IMG_1253.JPG)

<br>


## RippleNet
American Express is joining RippleNet, a *"decentralized global network of banks and payment providers using Ripple’s distributed financial technology"*.
RippleNet is already supported by large businesses like Credit Agricole, Airwallex, Cuallix, and more.

#### Key benefits of RippleNet:
- New Revenue Opportunities
- Lower Total Costs
- Standardization
- Streamlined Legal Framework

<blockquote>

*Why Join RippleNet?*
All of today’s pain points from the current global payments system – delays, limited transparency and high costs – stem from the lack of a single, global network. 
RippleNet solves these pain points with a decentralized network of independent banks and payment providers – that connect through Ripple’s technology and standardized ruleset to send realtime, traceable payments around the world.
</blockquote>




https://i1.wp.com/blockonomi.com/wp-content/uploads/2017/10/ripplenet.jpg?resize=808%2C431&ssl=1

<br>

## Ripple Price Development
After the announcement emerged today (November 16), the Ripple price has spiked to a price of $0.27 before dropping back down to $0.22.
Obviously, these are huge news for Ripple so it's no surprise to see that interest in the cryptocurrency increased!

#### What do you think about these news and how will it affect the Ripple price in the future?


### Take a look at the charts from November 15 - November 16:



![Bildschirmfoto 2017-11-17 um 00.34.27.png](https://steemitimages.com/DQmdv14KojFtEdUu8MkvZXkq3Ux7BDmcL7Qy8AcmTf2JobP/Bildschirmfoto%202017-11-17%20um%2000.34.27.png)

<br>


<center>*Images: [1](http://static1.squarespace.com/static/58a96e88c534a5fdedb98365/58b6d1f93a04110be820d756/5911462017bffce40d760a83/1503757654823/AMEXExplorer.jpg?format=1000w), [2](https://satowallet.com/wp-content/uploads/2017/10/blockchain-w.jpg), [3](https://cdn-59df5a32f911c828b465b99a.closte.com/wp-content/uploads/2017/11/Ripple-American-Express-XRP.png), [4](https://i1.wp.com/blockonomi.com/wp-content/uploads/2017/10/ripplenet.jpg?resize=808%2C431&ssl=1),  Sources: [1](https://ripple.com/insights/american-express-joins-ripplenet-giving-visibility-and-speed-to-global-commercial-payments/), [2](https://ripple.com/files/ripplenet_brochure.pdf), [3](https://cointelegraph.com/news/amex-partners-with-ripple-for-blockchain-payments), [4](https://www.cnbc.com/2017/11/16/american-express-santander-team-up-with-ripple-on-blockchain-platform.html), [5](https://www.coindesk.com/american-express-opens-first-blockchain-corridor-ripple-tech/)*</center>








<p><hr><br>
<center><p><a href="http://steemit.promo">Want to get featured on my blog? Register for Steemit Promo</a></p></center>
<center><a href="https://www.instagram.com/sirtonywinchester/">- Instagram -</a></p></center>
<center><p><a href="https://www.facebook.com/groups/397766613731804/">- Steemit FB Group -&nbsp;</a></p></center>

<center><a href="https://steemit.com/@sirwinchester"><img src="https://media.giphy.com/media/26xBKipQZYbBFWbJe/giphy.gif
"/></a></center>
<center><p><em><strong>© Sirwinchester</strong></em></p></center>
<p><br></p>