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- Ripple-powered payment One pay FX is now planned to be launched in Mexico this year by Santander.
- Santander is the 16th largest bank in the world having an asset of $1.74 trillion under its management.
Blockchain-based technologies are proving their innovation in offering numerous services, one of which is the payment processing service. Blockchain payment systems have the ability to provide the utmost efficiency to their customers.
With the growing demand by customers for improved efficiency, faster processing, and higher transparency, the blockchain industry is at its pace in evolving the best of the solution.
Ripple-powered payment One pay FX which went live in six countries including Spain, the United Kingdom, Brazil, Poland, Portugal, and Chile is now planned to be launched in Mexico this year by Santander. This is another insight into how the best companies have evolved to meet the customers’ needs and demands.
Santander is the 16th largest bank in the world having an asset of $1.74 trillion under its management.
The improvements made in this multi-corridor app are to offer the customers increased transparency and predictability. This information on improvements in the app comes from a file submitted to the US Securities and Exchange Commission(SEC).
Santander’s app also aims to improve the current customer experience and client stickiness through a best-in-class global payment system.
Ripple’s One Pay FX to Debut in Mexico
Traditional payments are said to have a disadvantage of taking up to 5 days to process. One Pay FX says it has focused on overcoming this particular fault by claiming that users can expect their payments to arrive on the same day while benefiting from competitive rates from this service.
Amongst all the other services, the features it brings to the table that derives major attraction from customers is the experience it offers with small but impactful details about each transaction. The details such as bank fees and predicted delivery time.
One Pay FX uses Ripple’s payment messaging system to move money between currencies. In addition to it, this blockchain-tech product, which is a competitor to the international financial network Swift, helps banks in the aspect of real-time transactions by using the messaging feature in clarification as well as verification of the transaction details.
The continuous focus on evolving and developing blockchain-tech apps to provide service in various aspects is now a real feature of the blockchain industry.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
