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Recap: Ripple and Santander connect to Apple Pay and use Touch ID - Global Coin Report
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Recap: Ripple and Santander connect to Apple Pay and use Touch ID

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Ripple
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Not too long ago, Banco Santander’s UK branch has released new publicity in which it boasts about its strategic alliance with Ripple. The picture says that international transfers are now done over blockchain technology (from 10 to 10,000 pounds) and that it connects to Apple Pay and uses Touch ID. It also explains that time and cost are “drastically reduced” and that new types of transactions around the globe are enabled through Ripple. This is huge.

Banco Santander is not a Wall Street or a Swiss bank. It’s Spanish, so it’s not considered to be among the classic clique of the world’s banks. That being said, it’s huge. It has a presence all over the world, and it’s considered to be the best bank on the planet as of now. That’s just context.

More important is that Santander is using Ripple’s technology in production. Many banks (more than a hundred) around the world have announced an intention to use Ripple’s blockchain and software to process their international payments, but they are not committed.

They’re adopting the technology in tests in order to find out if it really suits them, and can be easily integrated into their current services. Not so with Santander. Santander is in the Ripple wagon 100% and it’s already experiencing the benefits.

For crypto enthusiasts (especially Ripple fans) this is very significative news. Every transaction performed by Santander on behalf of its costumers over the Ripple blockchain creates demand for XRP. This drives the price up. Just remember that in the current horribly bearish market we’ve seen for nearly a year now (with the three last weeks being truly bloody) Ripple’s XRP has been the coin that’s performed the best.

Yes, it’s lost value too. But everybody is losing value, and Ripple’s red numbers are in the one-digit region, while everybody else’s is in two numbers. Let’s put it in words anybody can understand: over the last couple of weeks, XRP has outperformed everybody, including Bitcoin. It even became the second largest digital asset by market capitalization. This resilience comes, in part, because of Santander’s use of XRP to settle international payments.

Let’s review this partnership’s history briefly.

Last March, both Ripple Labs and Banco Santander announced that the Spanish giant was experimenting with several of the RippleNet liquidity products and creating pilot programs based on Ripple’s blockchain. This made Santander notice the levels of certainty, transparency, speed and low cost that are just impossible using the traditional financial tools.

Ed Metzger, Santander’s innovation head talked at Swell (Ripple’s yearly conference) about the way in which the bank will use Ripple’s xCurrent to improve their customer’s experience. He noted,

“We believe that financial services is moving to a world of open platforms where companies collaborate to deliver excellent customer service for their customers, and that’s at the core of what we’re doing with OnePay FX.”

What is OnePay FX, I hear you ask? It’s a mobile app developed by Santander, deployed for its customers, that went online last October 2nd. It was initially available in Spain, Brazil, the UK, and Poland. Mr. Metzger explained further that the app allows customers to process international transactions seamlessly, quickly, cheaply and easily.

Metzger added that,

“One of our customers was in Italy on holiday and parked in the wrong place. He needed to pay a fine and didn’t have his banking card. He was able to use the app to immediately pay the fine, and stop his car from being towed away. It’s four or five clicks to do something that would have taken an awful, awful long time in the past.”

While many of Ripple’s impressive strategic partnerships are still in the test stages, some of them are already working real-time in the real world. Santander is the poster boy in this context. It’s validating Ripple’s products and tokens. So don’t hate Ripple. It’s making crypto useful to people who don’t even know they’re using it. This is why XRP has stayed stable in the current market debacle, and that’s why it will stay so in the future.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and 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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Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

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Bitcoin SV
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The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

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Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

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Ripple
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One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

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Altcoins

2019 Will Be a Big Year for Luxcore

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Luxcore
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With the recent surge of Bitcoin in the last few weeks, many traders are hoping for a more profitable year than 2018.  Even if that comes to fruition, my advice over the past year remains the same.  Traders must look for companies and projects that offer blockchain solutions with real-world use and complete transparency.  One company that meets both of those requirements is Luxcore (LUX).

What is Luxcore?

Luxcore is a blockchain solutions and services ecosystem that focuses on developing security and privacy products.  The Luxcore platform utilizes the PHI2 algorithm powered blockchain to build a wide variety of product offerings.  One of the platform’s primary goals is to help close the gap between regular consumers and enterprise users by introducing specific use-cases for each group of users.

Exciting Roadmap for 2019

As mentioned earlier, one of the absolute requirements of building a successful blockchain project is to be fully and completely transparent.  Luxcore certainly meets that requirement with the introduction of their most recent roadmap.

The roadmap does a great job of showing which projects are in development, how far along each project is, and the expected completion date of each project.  With this, LUX traders and potentially interested consumers can follow along and monitor the status of projects that they are especially interested in.

Since many crypto projects have inevitably disappointed the market, offering…

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