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Ripple (XRP) Just Went Live in Europe: Santander Releases OnePay FX

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Ripple

Ever since it was announced back on April 12th that Santander would be adding a blockchain-based service powered by Ripple, it almost immediately became the fact that Santander had more plans for Ripple’s technology. That is how the public was introduced with the idea of having the first mobile payment service ever to be driven by cryptocurrencies that was going to be released under the name OnePay FX with Santander bank being the host of the project. The release of OnePay FX took place a couple of days ago, which means that Ripple has successfully become available for live transactions in Europe.

Ripple in Europe: Santander Released OnePay FX Mobile App

Santander stands as the first bank in the United Kingdom ever to have adopted a use of a digital asset, which became the case ever since Santander bank announced that they will be adding a blockchain-based service to the existing offer for their clients, adding that the service will be driven by Ripple’s technology.

Besides form having the mentioned news brining Ripple to the online headlines as the first crypto ever to be accepted by a bank stationed in the United Kingdom, partnering up with Santander meant that Ripple was aiming at becoming the first crypto in the financial industry as well as number one crypto for cross-border payments with instant processing, low costs in fees and the immediate availability of the processed funds.

Besides from accepting Ripple’s technology for their first blockchain operated service that was originally offered in Brazil, the United Kingdom, Spain, and Poland.

However, the reach of the Ripple-based service has just become significantly broadened up, given the fact that Santander just released the expected OnePay FX.

OnePay FX was announced altogether with Santander-Ripple partnership and it represents the first mobile service for making global payments with the power of blockchain technology, which is the official description of this mobile app created by Santander bank.

Santander announced OnePay FX alongside with announcing the partnership with Ripple, and it wasn’t until a couple of days ago that OnePay FX mobile application went live with Ripple.

That means that Ripple just went live in Europe, which, in a great portion, increases the influence as well as the value that Ripple has in the “real life” market and the industry of finances.

What does OnePay FX and Ripple Have To Offer?

Santander has officially released OnePay FX app which means that millions of users that have put their trust into the Santander bank can now use this mobile application in order to send fast cross-border payments globally.

With this application, thanks to the Ripple’s technology that enables safe and secure payments with the processing time of only a couple of seconds while thousands of different global transactions can be processed at a record time at the same time.

The application is said to be available with all its features for Santander’s customers in Europe, making a revolutionary change in the way transactions are being made and processed on a global level, so instead of waiting for 3 to 5 days to have your transaction processed and your funds available, the funds will be made available within the same day on which the transaction has been made.

Since Ripple is the spinning wheel of this neat crypto-driven mechanism, OnePay FX and Santander just made Ripple the number one technology of the groundbreaking mobile payment app, OnePay FX.

Besides from making sure that all users are able to send and receive cross-border instant payments on the same day of the transaction, OnePay FX offers a smooth end-user experience, which is exactly what people need – a fast and reliable system which is extremely transparent and user friendly while the features like providing a delivery time quote for the processing of the initial transaction, make a great addition to an already efficient Ripple-driven app for mobile payments.

How is Ripple doing at the Current Moment?

After being traded in the green for a brief period of only a couple of days, Ripple is seen dropping against the dollar although the dropping rate seems to be low at this point.

Following the latest change in the market, Ripple is seen dropping against the dollar by -0.16%, while it is going up against BTC by 1.50% at the moment of this writing.

After the change that took place in the last 24 hours, XRP can now be traded at the price of 0.61$ per one unit, with great odds of approaching to its all-time high of around 3$ in the following months.

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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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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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