Santander Releases OnePay FX App

On April 10, Santander released OnePay FX Application, which allows the users to make regular international payments
10 April 2018   1205

In February we have reported about Banco Santander announcing the launch of a mobile payment application based on the technology developed by Ripple.

On April 10, Santander released OnePay FX Application, which allows the users to make regular international payments of up to £10,000 a day in euros to all nineteen Eurozone countries; and US dollars to the USA.

OnePay FX AppOnePay FX App Screenshots

OnePay FX allows the users to:

• Either enter the amount in Pounds to send or the amount of Euros or Dollars to be received
• Always see the final amount that will be received
• Store the details of payments so it’s easier to pay them again 
• See all the payments made using the app
• Send payments to individuals rather than companies 

We will not charge you a transaction fee for using OnePay FX. However, the payment may be subject to receiving bank fees if you send a payment in Euros or Dollars to an account which uses a different currency. If we introduce a transaction fee in the future, we’ll inform you of the fee before you complete the transaction. 
 

OnePay FX Description

The users who would like to use OnePay FX will need the Santander Online or Mobile Banking log on credentials and a Santander debit card registered with Apple Pay.

It was indicated previously that the payment application developed by Santander and Ripple will appear in the first quarter of 2018, and OnePay FX is likely to be that very app. Nevertheless, the App Store description of OnePay FX app does not include any mentions of Ripple technology.

Court to Refuse to Return XRP Case to the Lower Instance

The case by XRP investor alleged that Ripple used dishonest and illegal tactics to control the price of XRP
13 August 2018   152

The Court of the Northern District of California rejected the claim to return the lawsuit against Ripple Labs to a lower court initially formed by investor Ryan Coffey in the San Francisco court on May 3, 2018. Coffey wanted the trial to continue in lower courts in California and not be carried out by federal courts, Bitcoinist reports.

With his suit, Coffey claims to recover the losses he incurred as a result of investing in XRP. He claims that Ripple is manipulating the XRP course with unreasonable statements about the future price of the crypto currency, while violating California Corporate Law and "hiding the role of the security."

He also accuses Ripple CEO Bred Garlinghouse of misleading investors with statements aimed at promoting and enhancing the market rate of XRP. The plaintiff believes that XRP is not a fully decentralized crypto currency, which leads to the conclusion that Ripple may violate securities laws by distributing it.

Having read the papers filed by the parties and carefully considered their arguments and the relevant legal authority, and good cause appearing, the court hereby DENIES plaintiff’s motion.
 

Court's Statement

Meanwhile, two lawsuits against Ripple have already been transferred to federal courts in the United States. One of them was issued by a group of investors in late May. Its organizers also claim that they lost money, because they invested them in XRP under the influence of the company's statements, and assume that it can distribute unregistered securities. A third lawsuit with similar applications was filed in early July.