- Ripple’s Partner Santander Hosts PAGOFX Payment Service
- Santander Publishes its Q3 Report
Santander banking giant that runs on Ripple’s technology for instant payments without XRP use is to host a payment service term PagoFX Ripple is going through series of development as the influence of its partnerships which different brands yield good fruits. So far, the XRP community is positive that through the partnerships there will be mass adoption of Ripple’s current and On-Demand Liquidity by more companies and banks. They are also optimistic that Santander’s PagoFX will utilize Ripple’s technology, PagoFX has applied for a license to work in both the UK and the EU.
Santander Publishes its Q3 Report
Santander recently released its report for the third quarter of 2019. The Spanish-based banking giant announced that its new payment service PagoFX will be used for international money transfer as it is going to work in the UK and EU.
A prominent crypto enthusiast and analysts @XrpCenter believes PagoFX is going to run on the Ripple network. He took to his twitter page and stated: “October 30, 2019,@bancosantander released Financial Report for 3Q 2019. Santander created “Santander Global Platform”, an internal Global unit that will host @PagoFx. Pago FX has already requested a license to operate in UK and EU.#RunsOnRipple.https://t.co/Q2MeZf5mFUpic.twitter.com/MQCrwJ5ptW.”
It was previously reported that Money Tap, a Japanese payment app set up by the Japanese SBI financial giant and Ripple that is powered by XRPL had partnered with Japanese PayPay service, it has been confirmed that XRPL will be used for the partnership. Currently, PayPay has about 10 million user-base and it works with about 1 million merchants all over Japan.
Previously, in August 2019, it was reported that Santander grew its use of Ripple’s xCurrent product to a One Pay FX mobile app. It was used to develop a “payment corridor” to Latin America Countries.
XRP (XRP) Price Today – XRP / USD
In a recent Ripple new update, Ripple announces its acceptance of KeyLess operations to its Xpring blockchain network. Ripple’s dApp development platform Xpring launched its network for dApp makers, now it is incorporating a KeyLess startup that is a biometric authentication and identity management platform. Speaking on the development, @XpringDev on Twitter stated: “Today we welcome @KeylessTech to the #Xpringnetwork – read how the team is reinventing #privacy by providing authentication as a service. https://t.co/wz4rujD0eN.” The startup utilizes the blockchain technology to give people access to their accounts and crypto wallets anywhere without fear of losing private keys.