Ripple partner, American Express, has reportedly submitted an application to operate in China. It is now eager to receive a license from the People’s Bank of China (PBoC), to carry Ripple’s technology for instant cross-border payments to the region.

Per the report, the PBoC has accepted the application from the payments giant for consideration. The central bank is yet to announce any approximate date for the review of the application.

This move follows another achievement by the company in China, in 2018, when it got approval from the PBoC to clear card payments in the country.

Should American Express succeed in this move, it will be able to settle local payments in RMB. The company will also be able to build its own network in China in cooperation with LianLian Group.

Back in 2017, when ICO’s were booming, American Express and banking giant, Santander, went into partnership with Ripple. Since then, payments made by American Express business clients on the FX International Payments platform, has been routed through Ripple’s blockchain network.

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