According to Santander’s Q4 results release, the bank is getting ready to launch “same day mobile international payments in “3 clicks & 40 seconds” for all their retail customers using distributed ledger technology.”
The service will be active in the first quarter of 2018, in Spain, Brasil, England and Poland.
Santander is expected to be one of the first global bank to roll out Distributed Ledger Technology based payments for individuals
Ripple’s logo appears on the bottom of page 44 of the Q4 Results, indicating that this new payment method is probably built on Ripple and XRP. Even though no confirmations have been made, the partnership that was going on between the companies is well known. For example, in May 2016, Santander announced that they were the first U.K. bank to introduce Ripple’s blockchain technology to facilitate international payments through a new app. That was conducted as a staff pilot, however, there was the intention to expand the technology at a later date.