Categories: Ripple

Santander Chooses Ripple (XRP) for 50% of Its International Transfers

Click here to view original web page at ethereumworldnews.com

The momentum for Santander’s OnePay FX mobile application is growing by the day with the Ripple (XRP) team showcasing a live demonstration on how simple it is to use the app. From the get go, the user interface is simple with the app letting the user pick between US Dollars and Euros as the form of currency to perform the transaction in. After inputting the recipient’s details, the user now uses Apple Pay to make a selection on which credit card to use to complete the transaction. Once the selection is made and the user presses ‘pay’ it takes a few short seconds to complete the transaction from the U.K to the United States as demonstrated.

The complete video of the demonstration can be found on youtube. The App is currently available in the Apple App Store for free downloads.

The demonstration proves that Ripple (XRP) via its product of xCurrent, and Santander’s OnePay FX, have managed to make international transfers a safer, faster and cheaper affair. In a world where time is more valuable due to our busy schedules, the use of OnePayFX is sure to grow as more mobile users demand efficiency through fintech and with many of us having friends and family all over the globe.

It is with the customer needs in mind mentioned above, that Santander has rolled out OnePayFX to Euro Zone countries and the United States. Santander Group’s Executive Chairman, Ana Botín was quoted as earlier saying that 50% of the bank’s annual international transfers are currently being carried by the Ripple-powered blockchain.

The above evidence of Ripple products working in an efficient manner is the reason Ripple CEO, Brad Garlinghouse, was adamant that the days of Bitcoin (BTC) dominance in the crypto-market are numbered. His reasoning was that BTC only dominates due to speculation by users in the crypto-verse. The tide will turn for BTC when the same users embrace the use cases of Ripple and other cryptocurrencies that solve real life problems. What will then proceed is a massive correction with the latter cryptocurrencies flippening Bitcoin.

[Photo source, ripple.com]

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

US Coinbase Expansion: Institutional investors are aggressive in bitcoin {BTC} investment

Source: Pexels Coinbase became the custodian of the industry’s largest cryptocurrency assets (equivalent to about $ 7 billion) through the… Read More

3 hours ago

Marc Faber on how to lose the least money over next 10 years

Marc Faber , Editor, Gloom, Boom & Doom Report on how to cope with the selloff 2019. Excerpts from an… Read More

3 hours ago

Blockchain: a friend to digital continuity and lightweight workflow tool

Blockchain, despite the natural hype cycle, has potential as a friend to digital continuity in the supply chain and as… Read More

3 hours ago

Palestinian Terrorist Group Uses Bitcoin To Raise Money

Hamas, the militant Palestinian group, has come up with a new way to raise funds for its terror campaigns: bitcoin.… Read More

3 hours ago

Bitcoin, Petro, Libra … Why Cryptocurrency Isn’t Really Currency

Virtual worth - La Nacion/DPA/ZUMA Cryptocurrencies are not so much money as flexible "assets" that may be used in payments,… Read More

3 hours ago

Bitcoin ‘Millionaire’ Backs New Cryptocurrency Platform—Despite It Crashing A Staggering 98%

Bitcoin has created a fair few millionaires since it exploded in value over the last few years , with some… Read More

3 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More