Ripple’s partner and leading commercial bank, Santander, has partnered with SWIFT to go live in four countries, namely, Spain, the UK, Poland, and Argentina. The banking giant will be using SWIFT’s Global Payments Innovation [GPI] technology for cross-border payments.
The announcement read:
“With SWIFT gpi, Santander can now offer a rapid cross-border payments service – with real-time payments tracking and transparency on bank fees and foreign exchange rates.”
The announcement also revealed that the bank’s target is to go live in Chile and Mexico by the end of 2018. In addition, 80% of Santander cross-border transactions will be live on SWIFT GPI by the end of this year. Moreover, they plan to extend to other countries in 2019.
Ever since the launch of SWIFT’s GPI in 2017, Santander and SWIFT have been working closely in global projects, concentrating deeply on providing solutions to Santander customers, suiting their geographical location.
https://ambcrypto.com/ripple-partner-santander-goes-live-with-swifts-global-payments-innovation/
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