Santander bank announces plan using Ripple tech to become first bank doing large-scale blockchain transactions...

International banking giant Santander is developing what they're calling an 'international money transfer app' - which will utilize blockchain-based xCurrent, and RippleNet products.

“We will be the first large retail bank to carry out cross-border payments at scale with blockchain technology.” said Santander CEO Nathan Bostock.

No firm release date set, yet, "This spring, if not one beats us to it" says Bostock.

Santander bank has taken part in two rounds of Ripple investing, in both 2015 and 2016 - believed to total over $4 million.

Author: Oliver Redding
Seattle News Desk