One unverified Redditor alleged that Santander Bank is preventing UK customers from depositing their fiat funds to Coinbase but the bank denies the allegations saying that it is ‘not the case’.
Euroclear in cooperation with EIB, Santander and EY will push their blockchain-based platform for the issuance and settlement of European commercial paper to a pilot phase.
Several major banks, including UBS, Banco Santander, HSBC Holdings and Deutsche Bank, are planning to build a blockchain-based settlement system by investing $50M into a joint entity called Fnality.
The World Bank and Commonwealth Bank of Australia (CBA) achieved success in recording secondary market bond trading through blockchain technology.
The Enterprise Ethereum Alliance (EEA) announced the launch of a blockchain-neutral Token Taxonomy Initiative which includes, some prominent names as are Microsoft, IBM, and J.P. Morgan Chase.
RationalFX, a foreign exchange United Kingdom-based firm, has recently tied up with Ripple to use its xCurrent, sending XRP price 13 percent higher.
Spanish banking giant Santander is planning a massive expansion of its international payment platform One Pay FX app, which currently operates in 19 countries, including the US.
Banco Santander got confused with XRP and Ripple, and mistakenly announced that they’re using XRP for payments across 19 countries. Later, responding to an XRP enthusiast, the company apologized for providing incorrect information.
In his speech at Swell 2018, the Head of Innovation of Banco Santander highlighted Ripple’s active role in improving bank customers’ experience.
Cryptocurrencies are no longer a passing fad – blockchain is changing the standards of the financial systems. Bitcoin, Ether and Ripple have initially stimulated the development of numerous start-ups, but today they experience the increasing interest on the part of traditional financial institutions.