Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Tether-Backed Twenty One Capital Eyes Bitcoin Accumulation

    IREN Reaches 50 EH/s Milestone, Expands AI Infrastructure

    IREN Hits 50 EH/s Hashrate Milestone, Expands AI Infrastructure

    Corporate Treasuries Surpass ETFs in Bitcoin Accumulation

    UniCredit Sets to Offer BlackRock Bitcoin ETF Product

    DDC Enterprise Secures $528M for Bitcoin Strategy

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Kraken, Robinhood Support Paxos’ Global Dollar Launch in EU

    Global Dollar (USDG) Launches in Europe with Kraken, Robinhood

    Elon Musk and Trump Spur Dogecoin Rally with Tweet

    Dogecoin Surges Amid Elon Musk and Trump Interaction

    Circle Applies for National Digital Currency Bank Charter

    Circle Seeks National Trust Bank Charter for USDC

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Banca Santander Establishes Blockchian-Focused Team

Anca F. by Anca F.
July 19, 2018
in Finance & Blockchain, Latest News, Ripple

Banco Santander just established a digital investment unit, which will make sure that the bank is effectively implementing the latest technology provided in the Financial Technology sector. The team will be commanded by John Whelan, who is the current Director of the blockchain lab of the bank.

The projects that have been assigned to the team also consist of looking into how tokenized securities can be used in debt capital markets, derivatives and other products.

Santander is known for being one of the first adopters of cryptocurrencies and blockchain technology. From their partnership with Ripple, they have implemented Ripple’s xCurrent technology to process over 50% of their transactions over the last fiscal year, according to previous statements. Ana Botin, Santander’s executive chairman said the following:

“We are covering 50% of all FX payments that Santander does annually [with Ripple]. It works really well because we have been testing it for 2 years. It’s safe, it’s compliant.”

Santander has a service called OnePay FX, which is an app available only for mobile devices. The app allows its users to check what the total fees for a cross-border transaction are while they send money, and after finalizing the transaction the app gives a receipt. It uses xCurrent, a Ripple blockchain technology that deals with cross-border transactions with end-to-end tracking.

Earlier this year, they announced they planned on implementing blockchain in its capital markets business. This will be done with the purpose of changing the way the securities under their management are distributed, traded and confirmed.

It appears that Santander is really enthused regarding its involvement with the blockchain space, as it was recently added as a member to the we.trade consortium. The bank also holds membership at the Enterprise Ethereum Alliance, a consortium which links several companies and services with experts on Ethereum matters.

Regarding the founding of a new unit for the advancement of technology in the sector, Santander’s Senior Executive Vice President, José M. Linares said:

“The wave of digitalisation that is occurring in the financial industry is accelerating. Our clients expect this to result in better solutions, lower costs and new categories of products and services that enable them to access capital markets more efficiently than ever before. We want to offer our clients what they expect from us”.

Tags: Banco Santander
Previous Post

IBM and Stronghold to Launch Their Own Stablecoin

Next Post

Change Wallet Lets You Trading Bitcoin and Altcoins with Zero-Commission

Anca F.

Anca F.

Related Posts

SEC Approves Grayscale’s GDLC Spot Crypto ETF Conversion

by Solomon M.
July 2, 2025

SEC greenlights Grayscale's GDLC conversion to a spot crypto ETF, signaling a regulatory shift.

Connecticut Bans State Involvement in Cryptocurrency

by Solomon M.
July 1, 2025

Connecticut becomes first U.S. state to ban state crypto holdings and transactions.

China to Discuss Tariffs with US at WTO

by Solomon M.
July 1, 2025

China is open to discussing tariffs and subsidies with the US at the WTO, signaling potential economic shifts.

SEC May Reduce Crypto ETF Listing Time

by Solomon M.
July 1, 2025

US SEC considers slashing crypto ETF listing time to 75 days.

Deutsche Bank to Launch Crypto Custody by 2026

by Solomon M.
July 1, 2025

Deutsche Bank plans crypto custody service launch by 2026, partnering with Bitpanda and Taurus.

Elon Musk’s xAI Secures $10 Billion for AI Expansion

by Joshua T.
July 1, 2025

Elon Musk's xAI raises $10B for AI growth, managed by Morgan Stanley.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.