Existing Ripple’s partners are taking the technology further. The crypto community hopes that through them more and more companies and banks will start using Ripple’s xCurrent and On-Demand Liquidity.
An XRP community member believes that Santander's PagoFX that has applied for a license to work in the UK and EU will also use Ripple’s technology.
Santander issues a Q3 report, will another payment service run on Ripple?
In its report for the third quarter 2019, the Spanish-based banking behemoth Santander, announced that it’s new payment service PagoFX is going to work in the UK and EU. It will be used for international money transfers.
A Twitter user @XrpCenter believes it is going to run on Ripple.
October 30, 2019.@bancosantander released Financial Report for 3Q 2019.— XRP Research Center (@XrpCenter) October 30, 2019
- Santander created "Santander Global Platform", an internal Global unit that will host @PagoFx.
- Pago FX has already requested license to operate in UK and EU.#RunsOnRipple.https://t.co/Q2MeZf5mFU pic.twitter.com/MQCrwJ5ptW
Earlier on Wednesday, U.Today reported that the Japanese payment app Money Tap, set up by the Japanese SBI financial giant and Ripple and powered by XRPL, had partnered with a Japanese PayPay service. XPRL is going to be used for the collaboration.
PayPay has a 10-mln user-base and works with around 1 mln merchants all over Japan.
In August, CoinDesk wrote that Santander expanded its use of Ripple’s xCurrent product to a One Pay FX mobile app. It was used to create a ‘payment corridor’ to Latin America countires.
Xpring accepts KeyLess to its blockchain network
Recently, Ripple’s dApp development platform Xpring launched its own network for dApp makers. Now, a KeyLess startup – a biometric authentication and identity management platform – has joined it.
The startup uses the blockchain technology to let people access their accounts and crypto wallets anywhere without fear of losing private keys.
What are your thoughts on the new partnerships of Ripple and Xpring? Feel free to share them in the comment section below!