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Santander to Expand Its Use of Ripple’s xCurrent to Latin America

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Santander, a multinational banking giant based in Spain, is reportedly opening up a special payment corridor that would enable customers in Latin America to send money directly to the US at no cost.

At the moment, only clients in Spain and the United Kingdom can use Ripple’s payment solution to transfer money across Europe and to the United States.

One Pay FX

The bank will use One Pay app for this purpose. It is a service driven by xCurrent, Ripple’s financial solution that enables banks to instantly settle international payments.

According to Ripple, the high speed of settlement is disrupting ...

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