The service will be powered by the Ripple’s xCurrent distributed ledger technology which facilitates same day global payments.
Santander will soon be launching a mobile app in Q1 2018 for instant payments powered with Ripple’s xCurrent technology.
The cooperation is expected to contribute significantly to the overall development of Ethereum.
R3 CEV is starting fundraising with most of consortium participants expressing their interest in investing.
A number of the world’s leading banks have partnered to form Global Payments Steering Group, the first interbank group for payments based on the blockchain technology.
The banks are planning to develop a new digital cash to serve as a standard for financial trades settlement.
The San Francisco-based financial technology startup has announced partnerships with seven new banks to provide its blockchain platform for overseas payments.
Everledger, a London-based startup using the technology behind bitcoin to solve fraud issues, is the first blockchain firm to win a ‘Meffy’.
Ripple has got several millions of investment from Santander and came up with a new protocol designed to increase transactions efficiency.
Central banks consider implementing “hybrid systems” involving distributed ledger technology of the type currently used to record Bitcoin transactions.