Home / Crypto News / Tweet that Santander Bank UK uses $ XRP for international remittanc

Tweet that Santander Bank UK uses $ XRP for international remittanc

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/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for entertainment and informational purposes only. We are not an investment advisor and do not provide financial advice.

We can’t always review and verify all articles posted on CoinNewsDesk.com. Please independently research and verify any information found here before relieving on it as fact. No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy presented on this website. before making any decision regarding investments or your personal finances.

About Coin News Desk Team