Ripple’s Partner Santander Hosts PagoFX Payment Service – Will It Run on Ripple?

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Wed, 10/30/2019 - 14:15
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Yuri Molchan
Santander banking giant that works on Ripple’s technology for instant payments without XRP use is to host a payment service PagoFX
Ripple’s Partner Santander Hosts PagoFX Payment Service – Will It Run on Ripple?
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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.

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.

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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!

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.