fbpx
Skip to content Skip to footer

Santander Bank Extends Ripple Payment Services to Latin America

Santander Bank, a large Spanish financial institution, is expanding its OnePay FX service, a smartphone-based application for cross-border payments. This mobile app system runs on Ripple technology from its XCurrent Software, but will not be using XRP, Ripple’s cryptocurrency, as a medium for transactions.

This extended service will allow customers to send money to the United States from Latin America in real-time instantly and without fees. It will also show users what the exchange rate is before any transactions are made. 

The bank expects that this service expansion will increase their customer base and also the frequency and volume of transactions in their existing customer base due to the ease and convenience of international transfers. 

It has not yet been revealed which Latin American country the application will be first made available to.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020-2023}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in blockchain, crypto, Web3, fintech and technology.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us