Not Coinbase, American Express will likely trigger XRP [Ripple] bull run

The announcement that XRP team and investors have been eagerly waiting for came and went but nothing happened. On 7th December, Coinbase officially announced that they are exploring the listing of Ripple [XRP] on their platform. But sadly, unlike the past XRP price remained quite unaffected.

As previously reported by Blockmanity, American Express is all praises on Ripple’s ability for cross-border payments swiftly. According to Forbes, satisfied by the previous results American Express wants to test Ripple on a larger scale by enabling cross-border payments between North America and the UK.

And Ripple’s xCurrent platform is going to be the star the of Ripple’s success. xCurrent is Ripple’s enterprise-grade real-time settlement system for cross-border payments. With this, it will be possible to send cross-border payments using cryptocurrencies and get them settled on a real-time basis.

Amex’s general manager for the corporate payments, Carlos Carriedo, said in a statement

“We did a pilot. We did a test, partnering with Santander locally, and with Ripple to just do cross-border transactions. Cross-border transactions continue to be complex and slow. And in a matter of seconds, through this test, our clients were able to transfer funds in a very transparent and seamless way, from one part of the world to the other one,”

Blockmanity’s Take

Although the currency market failed to react positively to such a positive news, in the long run, XRP price would flourish. Banks have started reacting positively to Ripple and the fact is evident by XRP’s increase in overall market domination.

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