AMERICAN EXPRESS AND SANTANDER UK TEST CROSS-BORDER PAYMENT SYSTEM
American Express (Amex) reported that, in organization with Santander UK, it will grow its business-to-business cross-fringe installment benefit with a blockchain framework through the organization’s FX International Payments (FXIP) arm. José Luis Calderón, worldwide head of Santander Global Transaction Banking, introduced the all-encompassing objectives of the conjoined exertion: “We are focused on making a main global installment eco-framework addressing the necessities of organizations and clients around the world. This blockchain arrangement opens up another channel between the U.S. also, the UK and presents noteworthy open door for installments all around. Working together with ground breaking organizations has empowered us to convey this forefront, secure, erosion free installment arrangement and broaden our Simple, Personal, Fair reasoning to American Express and their clients.” As declared, Santander UK will have its influence by starting the exchange channel, which...