#Ripple and #Santander connect to Apple Pay and use Touch ID
Not too long ago, Banco Santander’s UK branch has released new publicity in which it boasts about its strategic alliance with Ripple. The picture says that international transfers are now done over blockchain technology (from 10 to 10,000 pounds) and that it connects to Apple Pay and uses Touch ID. It also explains that time and cost are “drastically reduced” and that new types of transactions around the globe are enabled through Ripple. This is huge.
Banco Santander is not a Wall Street or a Swiss bank. It’s Spanish, so it’s not considered to be among the classic clique of the world’s banks. That being said, it’s huge. It has a presence all over the world, and it’s considered to be the best bank on the planet as of now. That’s just context.
More important is that Santander is using Ripple’s technology in production. Many banks (more than a hundred) around the world have announced an intention to use Ripple’s blockchain and software to process their international payments, but they are not committed.
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.
XRP is the 2nd largest cryptocurrency by market cap size. Its market cap is currently $14,017,826,206 and it has a circulating supply of 40,327,341,704 XRP. It's down 2.14% over the past 24 hours and is currently trading at $0.347601.