Bitcoin

A Secret Partnership in the Works?

Crypto users are buzzing with speculation according to which Ripple’s infrastructure could quietly make its way in the dominant current.

Speculation comes after American Express (AMEX) recently informed customers of cross -border payments and wire transfer delays in the middle of systemic upgrades.

System upgrade or strategic pivot? Amex Sparks Ripple Integration Buzz

American Express informed customers of delays in cross -border payments and cable transfers. The American Bank Holding Company and Multinational Financial Services Corporation cited “update of the Federal Reserve system” and “upgrade of the broad system”.

Although the company offered no other technical details, the opinion sparked theories related to undulation. These speculations arise from the longtime partnership of Amex with the Blockchain company.

Several other popular accounts of the cryptographic community, including Versan of Black Swan Capitalist, have echoed the feeling, citing the modernization of the payment infrastructure.

Although Amex did not mention Ripple directly in its update of the system, the Blockchain defenders think that the timing is remarkable.

American Express previously associated with Ripplenet for cross -border payment solutions, especially in corridors like the United States – UK. This story has raised eyebrows with current payments and a major overhaul of the product.

In a separate announcement on June 16, American Express said that he launched the “greatest investment of all time in a card refresh”.

“More than forty years ago, we have introduced the Platinum cardโ€ฆ. We are going to bring these cards to a new levelโ€ฆ to meet the evolution needs of our customers … Major updates arrive at its consumer and the American Cardsยฎ business later this year,” said the company.

On the company side, users of Platinum cards will gain more flexible expenditure tools and awards adapted to the needs of the company.

Meanwhile, the American Express card refreshment announced only a few days after a partnership with the Coinbase Exchange to launch the Coinbase One card.

It offers up to 4% bitcoin on all purchases, with card holders accessing exclusive experiences and Amex offers.

This first launch of the Coinbase credit card marked, although it Present a prepaid debit card in partnership with Visa.

The alignment of a large digital overhaul, the payment delays linked to the Federal Reserve and the previous works of Amex with Ripple fueled speculation that XRP blockchain technology could be part of the modernization roadmap.

“We see real potential in the combination of the crypto with the powerful support of American Express … An excellent mixture of what customers are looking for at the moment,” Will Stredwick of American Express Global Network at the Coinbase State of Crypto Summit in New York said.

There is no official confirmation linking the undulation to the current infrastructure upgrade. Notwithstanding, it may be useful to monitor, because other updates are expected this fall.

Until then, the market will wonder if Ripple is about to make its return through the most prestigious credit card issuer in America.

Ripple price performance (XRP)
Ripple price performance (XRP). Source: Beincrypto

In the middle of speculation, the Ripple feed token increased only by 2% modest in the last 24 hours. When writing these lines, XRP was traded at $ 2.22.

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