The Santander Bank announced the integration of Ripple technology into its own OnePay FX payment application. The company plans to use Ripple as an alternative payment method for future transactions.
“We believe that financial services are moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX,” said Ed Metzger, the Head of innovation at the bank.
Earlier this year, it became known that the Santander Bank and Ripple entered into a partnership. It was known that the bank conducts transaction beta tests using RippleNet. In the early stages of testing, Santander Bank discovered a significant increase in the speed and transparency of payments, in contrast to the traditional banking system.
Santander Bank is a Spanish financial and credit group that operates worldwide. It plans to expand the use of XRP in Europe, Asia and South America. According to Ed Metzger, integrating RippleNet into the OnePay FX platform could lead to an increased XRP usage in places like Tokyo, where XRP has a big fan base.
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