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Just In: Ripple partner Santander expands its reach using SWIFT GPI
There is a lot of buzz around Ripple and SWIFT concerning a possible partnership. However, this buzz around them has become more intense as Ripple’s partner, Santander, partnered with SWIFT to launch its services in countries such as Argentina, Poland, Spain, and the United Kingdom. The announcement came in today. The Spanish banking giant also plans to expand its services to further countries in 2019.
It is also important to know that there are high anticipations that Ripple may announce a breathtaking announcement during the forthcoming SIBOS 2018 Conference which is held by SWIFT, and set to take place in Australia.
The event is slated to hold on the 22nd to 25th of October. The main reason for the speculation that Ripple and SWIFT will be partners is since many FinTech companies – including banks – are using SWIFT for global cross-border remittances, and on the other hand, Ripple’s technology is becoming predominant to aid cross-border payments.
As a result of the partnership between Santander and SWIFT, Ripple’s community now see the opportunity that there may be a probable connection between Ripple (XRP) and SWIFT. This can also be attributed to the fact that Santander itself is in close partnership with Ripple, as it created OpenFx, which runs on Ripple’s blockchain protocol.
Santander believes that its partnership with SWIFT will help it deliver “rapid and frictionless cross-border with fast payment tracking.”
Eva Bueno Velayos, the GTB Head of Santander in Spain stated this after the partnership with SWIFT:
“For us, SWIFT gpi represents a good opportunity to improve the experience provided to our clients in their international payments, making the process faster and more transparent while simultaneously making our internal processes more efficient. We are looking forward to advancing in the following phases in order to achieve the best possible service in our payments offering.”
Subsequently, there have been lots of reactions in Ripple’s community: A tweet from SparrowHODL – a member of Ripple’s community says:
“Straight from the horse’s mouth? Ok so I know there’s a lot of speculation floating around but when SWIFT themselves use a term like “RAPID” as well as the gpi going live with one of Ripple’s partners – the picture is becoming clearer. $xrp $btc #xrpthebase #xrpcommunity.”
Another possible fact for a SWIFT-Ripple partnership is the Temenos T24. It is important to know that Temenos has been in collaboration with SWIFT for FinTech companies. The same Temenos also partnered with Ripple in 2016, in which it listed Ripple as its GPI. And now, what Santander has done is going live on SWIFT GPI, GPI is a thing worth noting here. That means they can use a third-party to offer their services; Ripple could be that one in case of this here.
https://twitter.com/Truthbot1666/status/1050353805081137152
However, the main question that comes to the mind after Santander’s partnership with SWIFT is if Ripple will partner with SWIFT anytime soon. Or will both companies produce different great technologies for global remittances? Well, time will tell that. But, as things stand, we can expect an official announcement in a couple of weeks.
Ripple’s XRP Price Overview
The crypto-market isn’t in good shape as it is in a huge bearish trend. All cryptocurrencies are in the red. It is important to know that only one cryptocurrency in the top 50 is green, and that’s 0x (ZRX).
Bitcoin which was previously rallying around $6500 dipped to about $6,200, but at the time of writing, BTC is now sustaining at $6,287 after it lost more than 4% of its value in the last 24-hours. On the other hand, Ripple was also caught on the bearish trend and has lost 11.40% of its value. At the time of writing, XRP is priced at $0.4117.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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Singapore’s Exchange Traded Fund (ETF) market has grown, offering investors diverse investment opportunities and access to different asset classes. As the market evolves, investors must navigate these uncharted waters with a clear understanding of Singapore’s ETF landscape. This article explores the trends, challenges and strategies for navigating the Singapore ETF market. To start investing in ETFs, you can visit Saxo Capital Markets PTE.
The Singaporean ETF Market: Exponential Growth
The Singapore ETF market has seen significant growth in recent years, with an increasing number of ETFs covering a wide range of asset classes and holders. different investment topics.
One of the notable trends in the Singapore ETF market is the growing diversity of available options. Investors can now choose from ETFs that track domestic and international stock indexes, bonds, commodities, and specialist sectors or themes. This diverse range of ETFs allows investors to create comprehensive portfolios tailored to their investment goals.
The growth of the ETF market in Singapore is also due to growing investor demand for low-cost, transparent, and accessible investment vehicles. ETFs offer benefits such as intraday liquidity, real-time pricing, and the ability to trade on exchanges. These characteristics have made ETFs attractive to retail and institutional investors who want exposure to different asset classes.
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The Monetary Authority of Singapore (MAS) is the…
Intending to invest in a residential or commercial property in Singapore?
When it comes to foreigners applying for a loan in Singapore, things can be pretty hard regardless of the reason whether you need the property for personal or business purposes.
In Singapore, buying a property is challenging, whether you are a foreigner or a native, and sometimes applying for a loan is the only way for you to afford it.
HOW MUCH CAN YOU BORROW FOR A PROPERTY LOAN IN SINGAPORE?
As for the Foreigner Loans, in Singapore, there is an exact amount of money you can borrow to finance the purchase of a property.
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Earlier this month, Sologenic released the very first decentralized wallet app for SOLO, XRP, and tokenized assets to support the Sologenic ecosystem. The app is available for mobile and desktop via the Apple Store and Google Play. The desktop version is available for Windows and Mac.
“By connecting the traditional financial markets with crypto, Sologenic will bring a significant volume to the crypto markets. The role of the Sologenic ecosystem is to facilitate the trading of a wide range of asset classes such as stocks, ETFs, and precious metals using blockchain technology. Sologenic is an ecosystem where users can tokenize, trade, and spend these digital assets using SOLO cards in real-time. The ultimate goal is to make Sologenic as decentralized as possible, where CoinField’s role will be only limited to KYC and fiat ON & OFF ramping,” said CoinField’s CEO…
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