No, Santander UK is not using XRP for international payments to 18 EU countries and the USA. In fact, it is not publicly using it at all.
An erroneous tweet from Santander UK caused a brief stir of excitement in the loins of XRP fans when news filtered out that the cryptocurrency token was being used for international payments.
Twitter user Wes G may have been trolling the financial institution when he asked “how is Santander getting on with using XRP for payments?” but the official, verified Twitter feed from Santander offered a rare glimpse of XRP being used for anything other than a speculative investment.
Unfortunately for XRP hodlers, and the Daily HODL (which produced a story with impressive x-rapidity, as it were) this exciting state of current affairs was quickly snuffed out by a clarification from the Santander team.
Although Santander did not issue a statement that said “Over our dead bodies…” the fact is that the xRapid product is still in the extremely, extremely, extremely, extremely early stages of deployment – and no major bank has publicly committed to the product. A recent Forbes article was clear that a partnership with Euro Exim Bank was small potatoes.
Ripple Labs’ products include xRapid, which uses the XRP token, and xCurrent, which does not.
The value of $XRP was down 0.84% over the last 24 hours, according to CryptoCompare.
The author is invested in cryptocurrencies, but not XRP.
