Santander, a bank with $94.36 bn market cap, to use Ripple's payment system (Not XRP) in Q1 2018

in #cryptocurrency7 years ago

The following is taken from Santander's 2017 earnings presentation dated 31st January 2018.

2018-02-04_013206.png

It appears the plan is to roll it out some time in the next two months.

The presentation also touts a platform for payments using mobile phones targeting those without bank accounts, as well as payment using 'smart watches'.

Note, this is a major high-street bank in the UK, Spain and elsewhere with a 10% market share for current accounts and 10.4% for the mortgage market.

What next - mortgage payments in cryptos?

Santander presentation:

https://www.santander.com/csgs/Satellite/CFWCSancomQP01/en_GB/pdf/Earnings_Presentation_ENGLISH_4T17.pdf#page=44

UK current account market share figures:

https://www.statista.com/statistics/387098/uk-banks-current-account-market-share/

UK mortgage market figures:

https://www.cml.org.uk/news/news-and-views/largest-mortgage-lenders-2016/

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Good NEWS !!, TIME TO BUY MORE RIPPLE!!!!

Original Content @rehab22 Mr. Crypto

Heh. I'm not sure what I think of Ripple myself. It has interesting applications but it's a bit too centralised for my liking.

Should be called Bankster coin! haha atleast we can pay debt with it ....

Indeed. What a privilege ;)