Why Santander Doesn’t Want to Use Ripple for International Payments Yet

Santander, the large scale Spanish bank and one of Ripple’s major partners, is still hesitant to adopt XRP as part of its international payment network, One Pay FX. Ripple clarified that Santander is still using some of the company’s software for its cross-border payment solution, and noted that they consider the Spanish bank to be “one of our largest and most important customers”.

In February, Ripple’s CEO Brad Garlinghouse hinted that banks would soon be less wary of working with digital assets. Cointelegraph recently reported that Sygnum Bank, the first crypto bank licensed by FINMA, will allow its users to invest in Ripple’s XRP token via their e-banking portal.

Timeline of Xrp