Santander denied Ripple

Santander, a large Spanish bank, in its Twitter spread incorrect information about cooperation with Ripple.

So, to the user's question about the use of XRP for payments, a representative of the bank wrote: “We use XRP for making international payments in 18 EU countries and in the USA. Support is provided through our One Pay FX iPhone app. ”

Hey Wes, we're doing great. We're using XRP for international payments to 18 EU countries and the USA. This is an iPhone app called One Pay FX. ^ TC

– Santander UK Help (@santanderukhelp) March 23, 2019

And although the majority of cryptocurrency holders reacted positively to the statement of Santander, some of them drew attention to the fact that this news had no effect on the growth of XRP trading volume.

It soon became clear that the bank provided incorrect information.

We are sorry, unfortunately due to a misunderstanding we have given incorrect information. We have apologize for this confusion. One Pay FX uses xCurrent only. You can find out more here: https://t.co/EGWMMqZhkA .

– Santander UK Help (@santanderukhelp) March 24, 2019

“Due to a misunderstanding, we provided incorrect information. One Pay FX uses only xCurrent , ”wrote Santander.

xCurrent allows Ripple customers to make payments using Fiat as well as digital currencies. A similar product, the operations in which are carried out using XRP cryptocurrency, is called xRapid.

Despite the official apology, some commentators suspected the bank of manipulating the market.

I hope you’ve been able to follow the rules of the news

– Lionel (@ Lionel46294550) March 24, 2019

Recall, Santander introduced One Pay FX blockchain application for cross-border payments, which is based on the xCurrent technology developed by Ripple, in April 2018. It was originally available to residents of Spain, the UK, Brazil and Poland.

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