$90 Billion Santander Bank Partners with Ripple Labs
It’s now official; Santander and Ripple Labs have agreed on a partnership that will see OnePay X integrate RippleNet for their cross border payment. OnePayX is a mobile cross-border application that allows users to send and receive money internationally. Even if the application is available in select countries—Spain, UK, Brazil and Poland, the bank plans to expand their OnePay X customer base to Europe, Asia and Latin America. This way, Santander and OnePay X users need not to “plan” ahead and use this incredibly powerful Ripple solution, xRapid.
Santander is not new in the blockchain and RippleNet space. The $90 billion bank is one of the more than 150 banks using xCurrent, another of Ripple’s payment processing solution that operates via the RippleNet without using XRP.
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com .
