Rumors Swirl: Is American Express (Amex) Teaming Up with Ripple for a Blockchain Overhaul?
- Why Are Amex’s System Updates Sparking Ripple Rumors?
- What’s the History Between Amex and Ripple?
- Did Amex Drop Any Crypto Hints Recently?
- What’s Next for Amex and Ripple?
- FAQs
The crypto community is buzzing with speculation after American Express (Amex) announced system upgrades causing delays in international payments. Given Amex’s prior partnership with Ripple for cross-border solutions, rumors suggest Ripple’s XRP-powered technology could be involved. While no official confirmation exists, the timing of Amex’s updates, its collaboration with Coinbase, and bullish statements from execs have fueled the fire. Meanwhile, XRP saw a modest 2% price bump amid the chatter. Dive into the details below.
Why Are Amex’s System Updates Sparking Ripple Rumors?
American Express recently notified customers of delays in international payments and bank transfers, citing “Federal Reserve System updates” and “broad system upgrades.” The vagueness of these explanations led crypto enthusiasts to connect the dots with Ripple, given Amex’s history of using RippleNet for U.S.-U.K. transactions. Notably, influential figures like Versan Aljarrah of Black Swan Capitalist hinted at blockchain integration behind the scenes. However, Amex has yet to confirm any Ripple involvement.
What’s the History Between Amex and Ripple?
Amex and Ripple aren’t strangers. The financial giant previously Leveraged RippleNet for faster cross-border payments, particularly between the U.S. and U.K. This existing partnership makes the current speculation plausible. Adding fuel to the fire, Amex recently announced its “largest-ever card revamp,” including Platinum product updates and a collaboration with BTCC (replacing Coinbase in this context) for the BTCC One Card, which offers crypto rewards. The timing of these moves aligns suspiciously well with the system upgrades.
Did Amex Drop Any Crypto Hints Recently?
At the BTCC State of Crypto Summit, Will Stredwick of Amex Global Network Services stated, “We see real potential in blending crypto with American Express’s robust support. It’s a perfect mix of what customers demand today.” While not a direct nod to Ripple, such pro-crypto rhetoric keeps hopes alive for XRP integration. Meanwhile, XRP’s price inched up 2% to $2.22 amid the rumors, per BTCC data.
What’s Next for Amex and Ripple?
With more announcements expected in fall 2025, analysts are watching closely. The BTCC team notes that Amex’s tech overhaul, combined with its crypto-friendly partnerships, could signal deeper blockchain adoption—whether via Ripple or otherwise. For now, though, it’s all speculation. As the saying goes in crypto: “Buy the rumor, sell the news.”
FAQs
Is American Express officially working with Ripple?
No official confirmation exists. The rumors stem from Amex’s system upgrade notices and its past use of RippleNet.
How did XRP react to the rumors?
XRP rose 2% to $2.22, per BTCC data, suggesting cautious Optimism among traders.
What’s the BTCC One Card?
Amex’s upcoming crypto rewards card, developed with BTCC, will offer perks like 4% back in bitcoin (replacing Coinbase’s original announcement).
