Spanish banking giant Santander is bringing its Ripple-powered payment solution to Mexico this year.
Revealing the news in a Form 20-F filed with the U.S. Securities and Exchange Commission earlier this month, Santander said the solution, One Pay FX, will be coming to Mexico “in early 2020.”
Initially launched in 2018, One Pay FX is a money transfer solution and leverages RippleNet (formerly xCurrent) to settle cross-border transactions. It does not use XRP.
Santander said the solution offers transparency, “competitive cost” and better speed, improving the overall customer experience.
One Pay FX is currently available for Santander’s customers in six countries – Spain, the U.K., Brazil, Poland, Portugal and Chile, per the Form 20-F. Santander once said the solution will be launched in all of its markets.
Ripple is backed by Santander’s capital arm InnoVentures, which invested $4 million in Ripple’s $32 million series A funding in 2015.
more recommended stories
Demand for security in Tulum increases after the death of tourists
Citizens demand an end to the.
María José relatives demand justice in front of the Yucatán Government Palace
The relatives of Maria Jose demanded.
INEGI reports annual inflation of 6.12%, AMLO says it is temporary and there will be no peso devaluation
“The peso is in very good.
UANL stands as the most sustainable university in all of Mexico
The Autonomous University of Nuevo León.
Evo Morales thanks Mexico for “saving his life” 2 years ago
MEXICO, (October 22, 2021).- Almost two.
Biden under pressure as U.S.-Mexico border registers illegal immigration record figures
October 22, 2021, (Reuters) – U.S..
Sargasso from the Quintana Roo beaches rots in clandestine dumps
Tons of sargassum rot due to.
Yucatecan women the most affected by the educational lag
MÉRIDA, Yucatán (October 22, 2021).- “The educational.
Nightmare in Tulum, 2 tourists killed and 3 injured after shooting at La Malquerida bar
Two female tourists are killed and.
Mauricio Vila promotes Yucatan during the meeting of governors with the United States Ambassador
Villahermosa, Tabasco, (October 21, 2021) .-.