Santander Works With Ripple (XRP)
Main Idea
Santander Bank has successfully implemented Ripple's blockchain-based One Pay FX system for cross-border payments, confirming its operational status and Ripple's role in the process.
Key Points
1. Santander Bank has deployed a fully operational blockchain-based payment system, One Pay FX, developed in partnership with Ripple.
2. The system is designed to optimize cross-border payments, particularly between Europe and South America.
3. Crypto researcher SMQKE highlighted Santander's implementation of Ripple's technology, emphasizing its production use.
4. Community reactions suggest broader implications for Ripple's technology in mainstream financial applications.
5. The confirmation of Ripple's infrastructure in a major bank like Santander reinforces the maturity and relevance of blockchain in cross-border payments.
Description
Crypto researcher SMQKE recently drew attention to a document confirming that Santander Bank has successfully deployed a blockchain-based payment system built with Ripple technology. Citing a portion of the document, SMQKE emphasized that the One Pay FX system, developed in collaboration with Ripple, is not a speculative or experimental initiative, but rather a fully implemented and operational product. Santander Identified as a Blockchain Pioneer According to the document, Santander, one of the...
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