Technology

Santander customers in Mexico will be available application based on Ripple technology

Spanish banking big Santander plans to launch its Ripple technology resolution into Mexico's cost market this 12 months. This follows from the annual report submitted to the US SEC.

The financial institution launched the One Pay FX cross-border cost application in 2018. It really works based on RippleNet and doesn't use XRP tokens.

Santander believes that the answer offers transparency and quicker funds, bettering the standard of customer support at a "aggressive value".

In line with info supplied by the SEC, One Pay FX is presently available to financial institution customers in Spain, the UK, Brazil, Poland, Portugal and Chile. In Mexico, Santander intends to launch the "early 2020" application.

Recall, the cash switch supplier Intermex, a companion of Ripple, stated it will not use startup options in such a key marketplace for itself as Mexico.

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