American Express Is Targeting Blockchain for a Proof-of-Payments System

It is not a surprising announcement that American Express has filed a blockchain-based patent application for a payments related capability that can receive a payment confirmation including a transaction amount and a merchant identifier.

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Amex Inadvertently Confirms Ripple Blockchain Platform Plans

It’s not entirely clear yet how or if – blockchain will transform the financial services market, but that hasn’t stopped industry players from scrambling to get a leg up on the technology and ahead of the competition.

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