Banco Santander to Expand Ripple (XRP)-Powered Payment Platform to More European Countries

Banco Santander recently announced the expansion of its Ripple (XRP)-powered OnePay FX Platform to other European countries. The bank also plans to use Ripple ledger for all its payment settlements going forward. Speaking at the recent Ripple ‘Swell’ event, Ed Metzger, the Head of Innovation at the bank said:We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.Earlier in the year, Ethereum World News reported the initiation of the strategic partnership between Ripple and Banco Santander. At the time, the exact details of the collaboration between the popular blockchain platform and the Spanish Banking behemoth weren’t known to the public.

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 and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.