{"id":6082,"date":"2018-03-25T03:03:53","date_gmt":"2018-03-25T03:03:53","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=6082"},"modified":"2018-03-26T11:05:34","modified_gmt":"2018-03-26T11:05:34","slug":"santander-to-launch-intl-money-transfer-app-using-ripples-platform","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\/","title":{"rendered":"Santander To Launch Int’l Money Transfer App Using Ripple’s Platform"},"content":{"rendered":"

\"Santander\"Santander, the Spanish banking group,<\/a> announced that it will launch an international money transfer app in partnership with RippleNet – provider of blockchain based real-time cross border fund transfer platform – in the next few months. The decision was announced by the bank\u2019s UK CEO Nathan Bostock.<\/p>\n

The new app is expected to go live in the UK, Spain, Brazil, and Poland. While speaking at the International Fintech Conference in London on Friday Bostock<\/strong> said<\/p>\n

“This spring, if not one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with blockchain technology.”<\/p><\/blockquote>\n

Bostock did not provide any specific data for launch of the new product. The bank had invested in San Francisco-based Ripple in 2015 and again in 2016. Santander began testing Ripple\u2019s payment facility in 2016. While presenting the group\u2019s 2017 results at the end of January, Santander CEO Ana Botin flagged the upcoming launch to customers of the payment app. Last month, the bank announced that it will launch mobile payments with Ripple\u2019s xCurrent platform.<\/p>\n

Ripple has seen a phenomenal success in the recent past. Around Christmas last year, SBI Ripple Asia announced that they have partnered with three major credit card providers<\/a> in Japan to improve user experience, solve a variety of issues, and increase efficiency through Ripple\u2019s block chain technology. The participating credit card companies are JCB, Sumitomo Mitsui Card, and Credit Saison.<\/p>\n

In early January, MoneyGram (NASDAQ: MGI) signed an agreement<\/a> with Ripple to test the latter\u2019s network. By January end, IDT Corporation, a publicly traded New Jersey-based telecommunications provider, and MercuryFX, which offers discounted currency exchange rates, signed an agreement to start using Ripple\u2019s xRapid platform. In February, the National Bank of Abu Dhabi announced <\/a>that it will use use Ripple\u2019s block chain solution to send real-time cross-border payments to its customers. The bank also signed deals with the UAE exchange, IndusInd, the Central bank of Saudi Arabia, and Cambridge payments, among others<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Santander, the Spanish banking group, announced that it will launch an international money transfer app in partnership with RippleNet – provider of blockchain based real-time cross border fund transfer platform – in the next few months. The decision was announced by the bank\u2019s UK CEO Nathan Bostock. The new app is expected to go live […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68,1],"tags":[],"class_list":["post-6082","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency","category-usa"],"yoast_head":"\nSantander To Launch Int'l Money Transfer App Using Ripple's Platform<\/title>\n<meta name=\"description\" content=\"Santander, the Spanish banking group, announced that it will launch an international money transfer app in partnership with RippleNet - provider of blockchain based real-time cross border fund transfer platform - in the next few months. The decision was announced by the bank\u2019s UK CEO Nathan Bostock.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Santander To Launch Int'l Money Transfer App Using Ripple's Platform\" \/>\n<meta property=\"og:description\" content=\"Santander, the Spanish banking group, announced that it will launch an international money transfer app in partnership with RippleNet - provider of blockchain based real-time cross border fund transfer platform - in the next few months. The decision was announced by the bank\u2019s UK CEO Nathan Bostock.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-25T03:03:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-03-26T11:05:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2018\/02\/santander.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cameron Bishop\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/\"},\"author\":{\"name\":\"Cameron Bishop\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"headline\":\"Santander To Launch Int’l Money Transfer App Using Ripple’s Platform\",\"datePublished\":\"2018-03-25T03:03:53+00:00\",\"dateModified\":\"2018-03-26T11:05:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/\"},\"wordCount\":345,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/santander.jpg\",\"articleSection\":[\"Cryptocurrency\",\"USA\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/\",\"url\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/\",\"name\":\"Santander To Launch Int'l Money Transfer App Using Ripple's Platform\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/santander-to-launch-intl-money-transfer-app-using-ripples-platform\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/santander.jpg\",\"datePublished\":\"2018-03-25T03:03:53+00:00\",\"dateModified\":\"2018-03-26T11:05:34+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.legitgambling.com\\\/news\\\/#\\\/schema\\\/person\\\/0e2e077765174748afc2362c890e3f91\"},\"description\":\"Santander, the Spanish banking group, announced that it will launch an international money transfer app in partnership with RippleNet - provider of blockchain based real-time cross border fund transfer platform - in the next few months. 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