Santander Is Set To Launch An International Money Transfer App With Ripple

REUTERS/Sergio Perez Santander UK CEO: "This spring, if not one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with blockchain technology." Consumer app in partnership with Ripple set to be launched to customers in Spain, Brazil, UK, and Poland. LONDON — Santander is on track to launch an international money transfer app in partnership with fintech startup Ripple in the next few months, the bank's UK CEO has confirmed. Nathan Bostock told the International Fintech conference in London on Friday: "This spring, if not one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with blockchain technology."See the rest of the story at Business InsiderNOW WATCH: Online retailer Overstock has raised $100 million for its ICO it says will replace Wall StreetSee Also:'It's not hype': Why the CEO of $20 billion data company thinks blockchain 'has potential to be transformative'City Minister: There could be 'a stable, flourishing cryptocurrency exchange in London' with the right regulationThe CEO of a $20 billion financial data company tells us why he won't touch 'wild West' cryptocurrenciesSEE ALSO: Blockchain startup Ripple just got a big boost from Santander DON'T MISS: Santander is letting staff use the tech behind bitcoin to send money to each other NEXT UP: Everything you need to know about the complex relationship between Ripple and cryptocurrency XRP