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Open Positions at CCN: Full Time and Part Time Journalists Wanted. It adds that users have two months to find alternative banking services. Built on distributed ledger technology provided by San Fransisco-based blockchain startup Ripple, the app is launching after two years in development and marks Santander as one of the first banks to offer blockchain-based foreign exchange payments for consumers. The Peoples Bank of China (. One Pay FX, which uses. While it certainly doesnt provide concrete short term investments forex proof that the accounts targeted were closed for that reason, it does raise questions as to why Santander has decided to terminate these bank accounts, particularly in line with its assumed pro-blockchain stance.
Santander image via Shutterstock.
Ripple has landed one of its largest cli ents yet, with Santander Group announcing a mobile app powered by the.
As bitcoin and other cryptocurrencies rise in popularity and their prices swing.
At Santander we apply rigorous lending criteria and monitor.
Join CCN's crypto community for.99 per month, click here. However, when one user on, twitter asked how Bittylicious know it is Bitcoin users Santander are targeting, they responded by saying: Because the bank account in question had personal funds put into it, and the only outgoing transfers were to an exchange. Spain, Brazil, Poland and the, uK, according to the company. Just last month, it was reported that Santander had joined corporate giants to launch the. As reported by CoinDesk, the.K. According to a report by the. Featured image from Shutterstock. The move sees Santander beat rival banks to make the first customer-ready Ripple settlement implementation. The product also comes as a result of a continuing partnership between Ripple and Santander, which, through its venture capital arm InnoVentures previously invested 4 million in Ripple's 32 million series A funding in 2015.