Santander Bank Announces The Expansion Of OnePay FX Platform

Ripple and its digital asset XRP keep embracing good news. Last week Ripple’s Swell 2018 conference which took place in San Francisco was a total success with various essential names attending the prestigious event.

Ripple-related announcements during the Swell conference

At the Swell event, Santander Bank also made a few essential announcements as you will see.

They revealed that they plan to expand the OnePay FX platform which is powered by Ripple’s xCurrent to more countries in Europe and the bank also made sure to reveal that they will use Ripple ledger for all payment settlements.

Ed Metzger, the Head of Innovation at Santander, discussed Ripple during Ripple’s Swell 2018 conference which took place recently in San Francisco.

He said, as reported by Oracle Times that “We believe that financial services are moving to a world of open platforms where companies collaborate to deliver excellent customer service to their customers, and that’s at the core of what we’re doing with OnePay FX.”

Ripple provides for Santander instant transaction features, and this will only trigger a more straightforward international payment process.

Ripple’s coin XRP could also have a bright future.  XRP use in more locations would only mean increased adoption. Santander only uses xCurrent, Ripple’s product which does not use XRP. The only Ripple product that uses XRP is xRapid. Visa payment platform adds XRP

Speaking of XRP adoptions, added XRP to its card payment app and wallet.

This is massive news because the company is currently doing its best to launch Visa credit and debit cards that will allow users to spend crypto in all the places which also accept Visa cards.

This would mean a lot for XRP adoption.

During the Swell conference, the payment company TransferGo revealed that they were able to save 90% regarding costs and this was mostly thanks to Ripple’s blockchain-based payment solution.

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