Published On: Fri, Feb 2nd, 2018

Banco Santander Rolling out Ripple Payments in Q1

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Same day international mobile payments utilizing the cryptocurrency Ripple’s (XRP) distributed ledger technology are on the horizon.
Sending Ripples Through the Banking Industry

Spanish banking group Banco Santander—“the first UK bank to introduce Blockchain technology which facilitates international payments, through a new app”—plans on making the groundbreaking service available in Q1 2018.
Over the last 18 months, Santander has been putting the technology to the test with bank staffers, transferring payments worth between £10 and £10,000 with Apple Pay and using Touch ID for secure sign-ins:
Once the app is downloaded, users need to complete their profile details and can then start to make payments. It connects to Apple Pay, where users can confirm payments securely using Touch ID. It lets users transfer between £10 and £10,000 and payments can be made from GBP to EUR and USD. Currently, payments made in EUR can be sent to 21 countries and US Dollar payments to the USA only.
Big Plans for 2018
According to reports, Santander’s plans for a Q1 rollout of their app were revealed in its 2017 earnings presentation, located on a slide titled ‘Same day mobile international payments in 3 clicks and 40 seconds …

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