Banco Santander to Launch Ripple-based App

New app from the largest bank in Spain will support "3 click payments" and will use Ripple's xCurrent technology
05 February 2018   2247

The largest financial and credit group in Spain Banco Santander announced the launch of a mobile payment application based on the technology developed by Ripple called xCurrent. This is reported by Finextra.

The testing of the new application was conducted by employees of the financial institution for 18 months. It is integrated into Apple Pay's mobile payment system, allowing transactions ranging in size from £ 10 to £ 10,000 ($ 14-14,000), and in which Touch ID authentication technology is provided.

As indicated in the presentation, a new payment solution will appear in the first quarter of 2018 and will be available to residents of Spain, Brazil, Britain and Poland.

According to the developers, to make payment, the user will need "40 seconds and three clicks". Also, the app will include a digital wallet, an assistant to make transfers between users and provides the ability to manage personal finances.

We expect to be one of the first global banks to roll out distributed ledger technology based payments for individuals.

Banco Santander Representative

Head of Ripple Brad Garlinghouse on his Twitter confirmed information that the new mobile application will be launched in the coming months.

Trust Wallet to Add Credit Cards & XRP Support

Thanks to cooperation with the Simplex, Trust Wallet users can now buy cryptocurrency using credit card
13 March 2019   136

Owned by the Binance wallet Trust Wallet added support for the XRP token.

In addition, as reported in the Binance blog, thanks to cooperation with the Israeli payment processing Simplex, Trust Wallet users can now buy cryptocurrency using credit cards.

Recall that Binance acquired Trust Wallet last summer.