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Blockchain-based international transfer service

August 17, 2020

Banco Santander has been consolidating One Pay FX in the last few months, an international transfer service based on blockchain in Spain, UK, Brazil, Poland, Chile and Portugal. This was reported by Banking News on August 16.

“One Pay FX is our commitment to fast, easy and secure international transfers that deliver value, transparency and trust to the bank’s customers,” said Ana Botín, President of the company.

They therefore believe that the transfers made using these applications will have some security as they are registered on a blockchain network.

Blockchain-based international transfer serviceBlockchain-based international transfer service

“Due to its innovative size, One Pay FX was recognized at the Distribution Marketing Innovation Awards 2018 by Accenture and Efma, where it was awarded the” Silver Award “,” they emphasized in the article “Banking News”

Ana Botín also expressed: “Blockchain offers great opportunities to improve the services we offer our customers. The introduction of Santander One Pay FX is the first of many features that this technology offers. “

“The service, which was launched in 2018, was specially developed for Santander customers to enable international money transfers from their Santander accounts. While One Pay FX is currently available in six countries (UK, Poland, Spain, Portugal, Brazil, and Chile), Santander’s long-term goal is to allow customers around the world to access it”, You stated in the article.

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