Santander to launch Ripple-based cross-border payment application on April 13

Global bank giant Santander Group will launch a blockchain-based cross-border payment application on April 13 (Friday). According to a report released by the Financial Times on Thursday, the application named One Pay FX will be launched this week in Spain, the United Kingdom, Brazil and Poland after two years of development. The bank will also extend the product to Other financial institutions. The application is based on the distributed billing technology provided by the company Ripple, which is one of the first banks to provide blockchain-based foreign exchange payments to consumers.

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