Stefan Thomas, the current CTO of Ripple, hinted towards a possible alliance between American Express and Ripple, during an exclusive interview.
Thomas and Chris Ward had an interactive session during an exclusive interview for the “Gregarious Mammal” Podcast. In a discussion over the advancement in decentralization and payment processing, Thomas shared his views about it. He further explained the philosophy that makes Ripple one of the most top-notch companies in the world of DTLs.
Ripple has been garnering the trust of several key players in the financial industry. Despite a controversial image in the crypto space, Ripple has secured a solidarity in the business world.
American Express and Ripple
Stefan Thomas confirms during the interview that one of the leading companies in the financial services industry, American Express, has agreed on using Ripple’s platform to process the vast amount of transactions they handle. Thomas also reveals that Western Union has also shown interest in adopting Ripple’s platform. Implying the trust market is gaining over the strength and credibility of Ripple along with the convenience of the services it provides through blockchain technologies.
Thomas points out that American Express may be already testing Ripple’s platform:
“Some of the companies that have agreed to use xCurrent and xRapid are companies like American Express and Western Union, so there are big companies that are testing this.”
On one hand, Ripple has brought big capitals of the financial sector closer to the world of blockchain technologies. While on the other, most purist of the crypto community has objected to its vision of centralization and support for traditional financial systems. Thomas adds that this doesn’t bother Ripple’s team:
“Ripple has always been a payments company first, and blockchain has always been in our DNA, but we were never dogmatic about what we acknowledge to apply … there’s a little bit of blockchain in all of our different products.”
According to Thomas, the criticism that is thrown their way comes mostly from the users and high stake investors of Bitcoin and other altcoins. The reason is simple, they tend to discredit Ripple, as they perceive it as a competitor of different characteristics. He adds:
“Hey, you’re competing with us, we’re gonna make you sound not so good.”
Currently Ripple’s XRP ranks third in the global market cap with $13.107.265.851 and a price per token of $0,332905.