It was found that the official social networking account of the Santander Group, Spain’s largest commercial bank, incorrectly indicated that it used the cryptocurrency XRP (ripple) for international remittances .
The problem has been mentioned in the customer support Twitter account of the Bank of England Santander Bank. In response to a question by a user, “How is Santander using XRP for payment?”, ” 19 European countries and the US are using XRP for international remittance. This is One Pay for the iPhone application. You can use it with FX. “
We’re using XRP for international payments to 18 EU countries and the USA. This is an iPhone app called One Pay FX.
— Santander UK Help (@santanderukhelp) March 23, 2019
One Pay FX is a Santander international money transfer app developed based on Ripple’s xCurrent.
Although xCurrent is not a service that uses cryptocurrency XRP, XRP is used as a relay currency for xRapid, another international money transfer service provided by Ripple. The differences between the two services can be better understood by reading the following articles:
Ripple’s products “xCurrent” and “xRapid” are thoroughly explained! – CRYPTO TIMES
Perhaps the account clerk was wrong either with xCurrent or xRapid, or misunderstood that any service offered by Ripple was using the cryptocurrency XRP .
The next day, the same account apologized for apologizing for misleading information, saying ” I apologize for the confusion. One Pay FX uses only xCurrent “.
We do apologise for the confusion this has caused. You can find out more here: https://t.co/EGWMMqZhkA .. We are sorry, unfortunately due to a misunderstanding we have given incorrect information.
— Santander UK Help (@santanderukhelp) March 24, 2019
Author: NT 【Coin Desk News】 – Source Post: https://crypto-times.jp/bank-xrp-transfer/
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