I realized that Santander Bank, Spain ‘s largest commercial bank, launched a foreign remittance service using Ripple’ s interbank settlement tool “xCurrent”.
The service named Santander One Pay FX was announced in April this year, and an official launch was announced at the ripple conference “SWELL” held on the 1st of this month.
Ripple (Ripple) sponsored conference “SWELL” Day 1 Highlights
The service will be offered to customers in four countries: Spain, the UK, Brazil and Poland, and it is said that it will expand to other markets next summer.
Although traditional interbank foreign remittance is said to take about 3 to 5 days to complete the settlement, Santander One Pay FX is said to be late and can be completed within the next day on that day .
” XCurrent ” which is used as the basic technology gathers attention from banks all over the world and SBI Ripple Asia, a subsidiary of SBI Holdings in Japan, is also using the technology of foreign money transfer applications ” money tap ” Release announced.
SBI Ripple Asia, MoneyTap (Money Tap) website published remittance website
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/banco-santander-one-pay-fx-ripple/
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