Santander Bank send 1/2 a $BILLION International Transfers via Ripple

In 2018 Santander Banking group, the 16th largest banking institution started to offer an app based on Ripple’s blockchain Onepayfx). As of July 2020 their clients have now transferred overseas over half a $billion using the app. Thye use the payment messaging system built on the blockchain as opposed to the XRP token, but it surely is a resounding vote of confidence in the technology. Santander, executive chairman Ana Botín announced that half of the bank’s annual international transfers can now be handled by the Ripple app.

Santander Bank: Half International Transfers via Ripple

Santander Bank send 1/2 $billion international transfers via ripple

Santander is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia.

Santander Bank: Half International Transfers via Ripple

Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In May 2016, Santander was ranked as 37th in the Forbes Global 2000 list of the world’s biggest public companies. Santander is Spain’s largest bank.

As of 2017, Santander was the 4th largest bank in Europe with approximately US$1.4 trillion in total assets-under-management (AUM). Traded on the Euro Stoxx 50 stock market index, the bank has a total market capitalization of $31.71 billion.

Did you enjoy reading this blog?

If you enjoyed this blog, see below for similar articles that may interest you:

Argentina’s Stealing Citizens Money. Is Your Government Next?

The Federal Reserves Digital Currency Plans is NOT Crypto