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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Reasons Why You Are Much Safer When Crypto Trading on Dexes
While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.
During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.
Here are some reasons why you might want to consider doing the same.
1. True ownership of your coins
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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.
Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.
He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world. Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon. This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs. One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos. TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.
Problems with Centralized Casinos
The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model. And online casinos are no different. It still needs to be said that centralized casinos have proven that there is a great demand for online gambling. The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative. But industries are continually evolving and this one is no different.
A few of the problems facing centralized casinos include the following:
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These are four monumental issues that need to be addressed quickly given the global growth of the market. Casinos need to…
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