American Express is revealing the results of a pilot test of Ripple’s xCurrent solution for cross-border payments.
At the Wings of Change Europe conference in Madrid, Amex general manager of corporate payments Carlos Carriedo said Ripple’s technology has the potential to dramatically improve the sluggish status quo of international payments.
“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.”
According to Carriedo, American Express sees a lot of potential in blockchain technology as a whole, and continues to invest in the technology.
“Blockchain is absolutely an option we’re looking at. Just to give you a sense, we have invested in a fintech lab based on blockchain technology, just to understand how to leverage this better…
So more to come. There’s still a lot of things that need to get addressed with blockchain as a technology. But it’s very promising.”
Back in November of 2017, American Express and Santander announced a partnership with Ripple to increase the speed of non-card transactions between the US and UK. Both Amex and Santander say they’re open to expanding the partnership worldwide, based on the results.
Oxford Joins Ripple’s UBRI As Kyoto University Fires Up XRP Validator
An entrepreneurship center at the University of Oxford says it’s joining Ripple’s University Blockchain Research Initiative (UBRI).
On its LinkedIn page, the Oxford Foundry announced its plans to join the initiative.
“The Oxford Foundry has announced its plans to tackle the growing technology skills gap in the UK with a new partnership with leading blockchain technology provider Ripple and its University Blockchain Research Initiative (UBRI).
Through the Foundry’s new Tech Series, up to 1,000 University of Oxford students from across all Oxford colleges and divisions will be given the opportunity to gain new skills in blockchain, AI and machine learning across different industries. Students will also be given the opportunity to learn how to code in Python and build smart contracts.”
The Foundry was created by the University of Oxford’s Saïd Business School to give students a way to “co-create, collaborate and build solutions to global challenges.”
It includes a startup accelerator that offers pre-selected startups a place to build their projects and collaborate.
Ripple formed the UBRI in June of 2018 to collaborate with top universities around the globe to accelerate academic research, technical development and innovation in blockchain, cryptocurrency and digital payments.
Kyoto University, which joined the initiative this summer, launched an XRP validator last week that will help the network verify and process transactions on the ledger.
Oxford Foundry Joins Ripple’s UBRI for New Tech Series Aimed at Blockchain Learning
The Oxford Foundry, which serves as an entrepreneurship center at the University of Oxford has announced the news about its strategic partnership with globally reputed blockchain technology services provider Ripple and its University Blockchain Research Initiative (UBRI). The team-up has been focused on rendering fruitful solutions for tackling the widening technology skills gap in the UK region.
With the new Tech Series, the Foundry aims to give a golden chance to nearly 1,000 students of the Oxford University hailing from across all the colleges and divisions of the world-class institute to immerse themselves in the attainment of new skills of the blockchain niche, AI technology, and machine learning across various industries.
The students will gain knowledge through Foundry’s experimental learning model during the new Tech Series program. The series will include informative workshops and boot camps which will be governed by mentors, academicians, and student experts from Oxford’s enriching network and widespread intellectual capital. These camps will impart knowledge through peer-to-peer learning and the Zone of Proximal Development. This is the theory that encourages students to learn from those who are just one or two steps ahead of them. This allows students to delve into new disciplines and team-up with new people coming from different domains to find creative solutions.
Foundry’s Tech Series will also have a Tech Talent Networking Series to give the students a chance to get in touch with leading firms belonging to the blockchain and AI industry.
The series is aimed to fulfill the ultimate commitment of the Foundry that allows it to make available equal opportunities, networks, and resources to talented people with a view to help them build strong ventures.
The Foundry was created by the University of Oxford’s Saïd Business School and was aimed to benefit the whole ecosystem of the University of Oxford. The founding donors of the Foundry were Reid Hoffman, Co-founder of LinkedIn and philanthropist Mohamed Amersi.
Leading blockchain network Ripple formed UBRI in June 2018 with the prime objective to enter into strategic collaborations with global universities for boosting academic research operations, technical development, and innovation in new-age technologies like blockchain, digital currencies, and digital payment pedagogies. In summer this year, Kyoto University became a member of the initiative. Last week the University unveiled an XRP validator that would aid the system in the verification and processing of transactions on the decentralized ledger system.
XRP Unfazed By Ripple Remittance Partnerships
- SBI Ripple Asia has just confirmed that it will be working together with SBI Remit and TPBank of Vietnam.
- This partnership will allow for “real-time and low-cost transfer of funds between SBI Remit and Tien Phong Bank.”
SBI Ripple Asia, a very important partner of both Ripple and XRP, has just confirmed that it will be working together with SBI Remit and TPBank of Vietnam. This is being done in order to provide remittance services through RippleNet.
Published by a popular cryptocurrency enthusiast online, the document, explains that the trio of partners has “started the first Japan-Vietnam money transfer service in real currency utilizing decentralized ledger technology, with a Vietnamese bank, Tien Phong Commerical Joint Stock Bank.”
This partnership will allow for “real-time and low-cost transfer of funds between SBI Remit and Tien Phong Bank.” As per Ethereum World News, this will then be given the green light by RippleNet and related solutions that are built on that network. The partners believe that this new service will be important, especially as the “population of Vietnamese in Japan has grown 4.57 times over the past five years to 330,835, and the number is expected to increase in the future.”
November 15, 2019.
SBI Ripple Asia, SBI Remit and TPBank (Vietnam) announced the start of the first Japan-Vietnam remittance service using #RippleNet.
“We will also develop remittance
services that incorporates crypto in the future” —@yoshitaka_kitaohttps://t.co/qOgpLMhwRU pic.twitter.com/qIL49qcFYH— XRP Research Center (@XrpCenter) November 15, 2019
Nguyen Hung, CEO of TPBank, expressed excitement for the deal to which he said:
“Our cooperation with SBI Ripple Asia Co., on the application of blockchain technology in cross border money transfers marks an important turning point in enhancing our customer experience and makes international money transfers via TPBank faster, more convenient and safer than ever before.”