Ripple’s partner Santander bank new UK and Poland payment corridor launched


  • Customers in the UK and Poland to send $10,000 euros per day using One Pay FX.
  • The new corridor is a huge step for the bank and for Ripple’s adoption too.

One Pay FX, a banking application powered by Ripple for Spanish banking giant Santander has added another payment corridor between the United States and Poland. An upgrade completed on the app last week enabled instant funds transfer between the two countries but only went live after the official announcement.

Marcus Treacher, the senior VP of customer success at Ripple said on Twitter that launch was “great to see this important payment corridor go live”.

Read Also: Ripple market overview: XRP/USD lock-step trading stalls under $0.32

At the moment, customers both regions have the capacity to send and receive up to 10,000 euros with zero transaction fees. Following the launch in April 2018, One Pay FX was available to customers in Brazil and Spain. The new corridor is a huge step for the bank and for Ripple’s adoption too.

The executive chairman of Banco Santander Ana Botín had said in a statement in April:

“One Pay FX uses blockchain-based technology to provide a fast, simple and secure way to transfer money internationally – offering value, transparency, and the trust and service customers expect from a bank like Santander.”

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD is at risk of an extended sell-off towards $8,000

Bitcoin (BTC) is under selling pressure on Thursday. The first digital coin has lost over 3.5% since the beginning of the day amid growing bearish sentiments and expanding volatility.

More Bitcoin News

XRP transactions cannot be blocked, Ripple's CTO explains why

Ripple's XRP, now the third-largest digital asset with the current market value of $10.0 billion has lost 3% in recent 24 hours. The coin bottomed at $0.2280 during early Asian hours and recovered to $0.2300 by the time of writing.

More Ripple News

Cryptocurrency Market Update: Crypto sell-off returns as Bitcoin dives under $8,500

The cryptocurrency market is back in the red, erasing the shallow gains posted on Wednesday. All the major digital assets are struggling with losses between 1% and 6%.

More Cryptocurrencies News

Bitcoin Cash miners told to donate 12.5% of their revenues to support the ecosystem

Bitcoin Cash, the fourth largest digital asset with the current market value of $6.1 billion has lost 2.5% in the recent 24 hours amid global correction on the cryptocurrency market. 

More Bitcoin Cash News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast

BTC

ETH

XRP