Santander Adds 19 Available Regions For App In Collaboration With Ripple
Santander Adds 19 Available Regions For App In Collaboration With Ripple
July 10, 2020
Santander Adds 19 Available Regions For App In Collaboration With Ripple
Santander Adds 19 Available Regions For App In Collaboration With Ripple
July 10, 2020

Banco Santander, the mainstream banking giant, has added 19 available regions for its One Pay FX international payments app built in collaboration with Ripple

On July 9, it has been reported in a statement posted by Ripple that Santander constructed One Pay FX as a borderless blockchain-based payment channel, in the form of an app.

However, building the app alongside Ripple, Santander launched the app in 2018. The statement said that formerly only available in the United Kingdom, Spain, Poland, and Brazil, One Pay FX now enables users from 19 additional regions, as the US and Chile sit among others on the list of added countries.

Ed Metzger, the CTO of One Pay FX, said:

“Customers told us that the international payments process could be better so we partnered with Ripple to explore how blockchain could make transactions faster, cheaper and more transparent.”

Likewise, Metzger described feedback from customers by noting difficulties with transaction exchange rate clarity and timing confusion.

ALSO READ :  Libra Forms Governing Council after Big-Name Departure

He added:

“Ripple helps us directly address the issues raised by our customers […] Whether they are putting down a deposit on a holiday rental or paying a foreign supplier, they see exactly how much will arrive when they’re making the payment and have certainty about when it will get there.” 

Thus, Metzger noted the app, with its Ripple tech, improves other areas, such as global transfer times.

Santander’s search for an innovative solution never focused on a specific technology. Instead, the bank looked for any way to solve their customer’s specific pain points, which is why Ripple proved to be an ideal partner.

Source: Cointelegraph | Image: Bambora


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a content creator at Digital Notice Media Labs. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. She is an archetypal writer, who loves to create her own little world with words and locutions. Apart from this, her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!