RAKBank launches block-chain based payments to India

November 27, 2017

A retail and business bank in UAE has partnered with the blockchain company Ripple to support instant cross-border payments to retail customers in India which is the world’s largest remittance receiver. We saw American Express partner with Ripple to use its technology to provide a way to send instant cross-border payments with lower transactions costs. The age of block-chain has now allowed conventional bank remittances to be replaced by instant…

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American Express & Santander collaborate to provide seamless cross-border payments

November 18, 2017

Another advancement has strengthened the block-chain community. American Express and Santander have partnered with the financial technology firm and the famous cryptocurrency Ripple to speed up cross border payments between the United States and United Kingdom by using the block-chain technology. American’s business customers will be able to use the blockchain technology as all international payments that previously was done through FX International Payments platform will be routed through Ripple’s…

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MasterCard leaps onto block-chain payment tools

Mastercard
October 22, 2017

Mastercard, the credit card giant is pushing ahead with a set of blockchain payment tools first unveiled last year, opening to merchants and banks for wider use. The company released a press release in which it announced that it would be working on a business to business transaction system with the block-chain technology, as an attempt to address challenges of speed, transparency and costs in cross-border payments. Mastercard unveiled the…

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