06 Jun 2018 Pavel Petrov
Santander Pioneers Crypto Utilization with Ripple
The release of the app a couple of days ago makes Santander the first bank to embrace the utilization of advanced digital assets and platforms. Despite that the launch comes just before Brexit, the OnePay FX presents a set of opportunities for the British, Brazilian, and European businesses.
This also suggests that Ripple just boosted its European presence, expanding and strengthening its impact on the "genuine living" market.
“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally - offering value, transparency, and the trust and service that customers expect from a bank like Santander.”, Ana Botín, Executive Chairman of Banco Santander, commented.
The large client base of the bank is now empowered to make transparent international payments in seconds, pushing Santander’s services higher in the banking services ranking. The 3-5 day delay between transactions remains in Santander’s history.
OnePay FX offers an outstanding customer experience, meeting the needs of those who run crypto finances - a quick and stable framework that is straightforward and easy to use. Furthermore, users can set a specific date and time frame for an exchange – Ripple powers all of these features.
Alongside the functionality, OnePay FX prides itself on high-security levels.
This partnership leaves room for XRP to become the first cryptocurrency in the bricks-and-mortar financial status quo, although this might happen slowly, yet steadily.
The launch of the product strengthens Ripple’s position as one of the most favorable choices regarding overseas and cross-border payments and money transfers all around the world.
“Blockchain technology offers tremendous opportunities to improve the services we offer our customers, and the launch of Santander One Pay FX is the first of many potential applications.”, Ms. Botin added.
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