The RippleNet network has secured a substantial new member in the form of the American financial services corporation American Express.

In the first stage of the partnership, American Express FX International Payments (FXIP) and Santander UK (already a member of RippleNet) will establish a transaction channel connecting the United States and the United Kingdom. RippleNet is promising visible improvements for its customers, as they will be able to see the transaction status and cost at all times and have their transactions completed substantially faster.

Brad Garlinghouse, CEO of Ripple, stated in a press release: “Transfers that used to take days will be completed in real-time, allowing money to move as fast as business today. It is just the beginning, and we look forward to growing this partnership to help other American Express FXIP customers.”