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Santander Bank Introduces Internal Blockchain-Based Remittance App Using Ripple

Santander Bank, the world’s 10th largest bank, has been investigating blockchain technology for a while. The bank claims to have observed 20–25 use cases for blockchain internally. A report co-authored by Santander estimated that blockchain technology could reduce banks’ infrastructure costs by up to $20 billion (£12.8 billion) a year.

Recently, Santander Bank launched a new app to faci ...

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