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.
Hey Wes, we’re doing great. We’re using XRP for international payments to 18 EU countries and the USA. This is on our iPhone app called One Pay FX. ^TC
— Santander UK Help (@santanderukhelp) March 23, 2019
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.
We are sorry, unfortunately due to a misunderstanding we have given incorrect information. We do apologise for the confusion this has caused. One Pay FX uses xCurrent only. You can find out more here: https://t.co/EGWMMqZhkA.
— Santander UK Help (@santanderukhelp) March 24, 2019
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.