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Akbank, a Turkish bank, has announced that it is using Ripple's blockchain technology to transfer the British pound [GBP] at the UK & # 39; s Santander Bank from Turkey.
As the most devastating bear nears the end, some good news comes to light as Olga Ulutaş, executive vice president in charge of Direct Banking, has expressed his satisfaction of becoming the first bank to use Ripple's blockchain technology for cross-border payments.
Referring to the announcement last year about the adoption of Ripple's blockchain technology, Ulutaş claimed to have started international money transfer using blockchain technology. He continued:
"Now we have started to transfer money from GBP via Ripple to Santander UK with Blockchain infrastructure.With this important technology, our customers can now benefit from the possibility of transferring money in international money transfers at a much lower cost. the participation of new banks in the system, we continue our journey to expand this service through cooperation with several banks ".
GMT, the largest and most important Israeli financial services company, has announced in its blog that it is authorized to use Ripple's blockchain technology.
The blog stated:
"GMT is joining companies like MoneyGram, AmericanExpress, CIBC, Earthport, AKBANK and many others, which are already authorized to use the Ripple platform."
Although there is no mention of the use of xRapid to facilitate transactions, some people in the community are speculating that it could be xCurrent and not xRapid.
In June, Brad Garlinghouse, CEO of Ripple, told CBInsights that it is certain that at least one bank would use XRP. He said:
"I have said publicly that we expect at least one bank to use XRP in their payment streams to use xRapid"
When asked if he was sure, he replied that he was "… 100% sure". The community is doing two plus two and speculating on the fact that this could very well be that the bank in 2018 left only 15 days.
A Redditor mikenard77 commented:
"They are transferring GBP to Santander, which means they are using Santander as a hub, to pay in multiple currencies with a bilateral relationship, Santander will send the currency needed to the recipient Multihop does not require xRapid, but the most efficient multi-hop payments are made xRapid. "
The news could also bring to life the infamous "$ 589 + by EoY" as it coincides with the riddle of BearableGuy123 and the comments of Brad Garlinghouse.
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