Banco Santander, S.A., which also goes by Santander Group, is the largest financial credit institution in Spain. Besides Spain, the bank has leading positions in the United Kingdom and in some Latin American countries. The main office of Santander Bank is headquartered in Madrid, Spain. In the United States, Santander conducts business as Santander Consumer Bank. In 2016, Santander published research on the advantages and disadvantages of digital currency technologies and, in the beginning of 2018, it was announced that Santander launched blockchain-based application for providing international transactions. This event could be the first case of using blockchain technology in the banking system. The initial version of application was set to be launched in four countries and based on the Ripple blockchain.
Users will be restricted to a 1,000-pound limit per transaction, and a total limit of 3,000 pounds a month.
Santander UK limits crypto transactions for its customers
Santander Brasil is also reportedly planning to launch crypto trading services to its customers, CEO Mario Leão announced in July.
Santander bank trials blockchain platform for used cars in Brazil
The bank said would be “following the FCA’s warning to consumers” in blocking payments made to the crypto exchange.
Santander's UK arm follows Barclays in banning payments to Binance
The EIB has reportedly hired banks like Goldman Sachs and Société Générale to explore a digital bond registered and settled via blockchain.
European Investment Bank reportedly to issue bonds with blockchain tech
Massive retail bank Santander recently broadened compatible regions for its One Pay FX app in collaboration with Ripple.
Santander Adds Several Available Regions For App in Partnership With Ripple
A $5 million hack that has baffled investigators in Brazil was thwarted with assistance from local OTC trading desks.
OTC Exchanges Help Thwart $5M Bank Heist in Brazil
Major Spanish bank Santander is extending its Ripple-powered international payments system One Pay FX to Mexico in 2020.
Santander to Extend Ripple-Powered Payments Solution to Mexico This Year