Wait, What? Ripple Partner Santander Says It’s Using XRP to Send Money to 19 Countries

in #partiko3 years ago

A response regarding Ripple and XRP from Spanish banking giant Santander has gone viral on Twitter.

When asked if it’s using XRP for cross-border payments, Santander’s UK help desk said it’s using the digital asset to power payments to 19 countries, including the US.

wes G
· Mar 23, 2019
Replying to @santanderukhelp
Hi all how is Santander getting on with using XRP for payments ?

Santander UK Help

Hey Wes, we're doing great. We're using XRP for international payments to 18 EU countries and the USA. This is on our iPhone app called One Pay FX. ^TC

1:11 PM - Mar 23, 2019
Twitter Ads info and privacy
738 people are talking about this
Santander revealed its blockchain-based international payments service for retail customers, One Pay FX, in April of last year. But at that time, Santander said the app utilizes Ripple’s xCurrent – which is not based on XRP.

In November, Ripple announced that xCurrent customers can easily begin using xRapid – which does utilize XRP. But so far, no xCurrent clients have reported switching to xRapid. Ripple’s senior vice president of product Asheesh Birla described the new option to the crypto news outlet CoinDesk.

“What this release enables you to do is that in countries where you think it’s appropriate and xRapid is available, using your xCurrent software, you can now plug into on-demand liquidity using xRapid.”

Birla further clarified that xRapid may not be ready for adoption in countries like the US, where regulatory clarity on digital assets remains somewhat vague.

“In other countries, where there’s not good regulatory clearance or digital asset infrastructure, you just continue to use xCurrent as-is, with fiat liquidity.”

If Santander is now using xRapid, an announcement from Ripple is likely forthcoming. Until then, Euro Exim Bank remains the only bank that has confirmed it’s using the cross-border payment solution

Posted using Partiko Android


Hi @xdaniellxx, I'm @checky ! While checking the mentions made in this post I noticed that @wesgranger and @santanderukhelp don't exist on Steem. Maybe you made some typos ?

If you found this comment useful, consider upvoting it to help keep this bot running. You can see a list of all available commands by replying with !help.

Congratulations @xdaniellxx! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 1000 upvotes. Your next target is to reach 2000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Happy Birthday! The Steem blockchain is running for 3 years.
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.35
TRX 0.06
JST 0.046
BTC 38513.65
ETH 2796.50
USDT 1.00
SBD 4.34