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   990

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.

Australia Rolls Out New Crypto Exchange

Blockbid Beta launch is set to go live on April 16, 2018
16 April 2018   180

It has emerged that there is a new cryptocurrency exchange which is launching with headquarters in Australia. Previously, we have reported that Australian Transaction Reports and Analysis Centre has announced the new regulatory requirements for digital currency exchange providers which came into force from April 3, 2018.

A week ago, Blockbid exchange became one of the recipients of an AUSTRAC license, meaning they have been granted permission to legally operate as a cryptocurrency exchange, according to Australian law. Blockbid is a secure exchange with the goal of facilitating the highest volume of trades for the most cryptocurrencies with a single login.

Blockbid announced in its press-release that its Beta launch is set to go live on April 16, 2018. The platform will allow operation in fiat and cryptocurrency, including Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BCG), Litecoin (LTC), Ripple (XRP), USD, AUD, JPY and EUR.