Banco Santander to Debut International Payment System on Ripple

Banco Santander has set a Q1 2018 launch date for the introduction of same-day, mobile, international payments for customers, which will operate using blockchain technology on Ripple’s distributed ledger. For banks, the benefit of using Ripple is that it can enable the transfer of data and value in a more accurate and much faster way — as little as four seconds, compared to three days with the current model SWIFT.
Santander plans to introduce the service in four countries simultaneou