Banking group Santander will be partnering with Ripple to release an international money transfer app using Ripple’s Blockchain xCurrent and RippleNet platforms, Business Insider reports today, March 24.
When speaking about the upcoming app release at the International Fintech conference in London yesterday, March 23, Nathan Bostock, the UK CEO of Santander said:
“This spring, if not [sic] one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with Blockchain technology.”
At the end of January of this year, Ana Botin, the CEO of Santander, had mentioned the app launch in the company’s 2017 earnings presentation, noting that it will be open to Spain, Brazil, the United Kingdom, and Poland.