Santander Bank has confirmed the launch of its new international payment system, One Pay FX, utilizing Ripple's technology, highlighting the development of blockchain in the banking sector.
Launch of One Pay FX
Santander Bank has initiated the launch of the One Pay FX system, which, according to researcher SMQKE, is already actively functioning, enabling real-time transactions. This system aims to optimize payment streams between Europe and South America.
Ripple Integration in Banking Infrastructure
Santander's partnership with Ripple gradually modernizes traditional international payment systems by providing faster and more transparent transactions. Thus, One Pay FX now represents an active banking product that could serve as an example for other financial institutions.
Political Support and Interest in XRP
The growing interest in XRP is fueled by political signals following President Donald Trump's signing of an executive order, which paused initiatives for creating central bank digital currency. This event, according to crypto analysts, may promote the assetization of tokens like XRP. Additionally, reports show that major investors acquired 7.1 billion XRP tokens.
The launch of Santander's One Pay FX underscores the growing role of blockchain technologies in international banking. With institutional interest in XRP increasing, Ripple's technologies may alter the future of transactions.
