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davygravy77

Santander goes live with SWIFT gpi

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"80% of Santander cross-border payments to be on SWIFT gpi by year-end

The leading retail and commercial bank, Santander, has gone live on SWIFT’s global payments innovation (gpi) service in Spain, the UK, Argentina and Poland. It will go live in Chile and Mexico before the end of the year, with further countries planned for 2019."

MMMMM are we sure that SWIFT GPI is not a Ripplenet mask? Or are Santander just playing the field?

Source: https://www.swift.com/news-events/news/santander-goes-live-with-swift-gpi

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6 minutes ago, davygravy77 said:

MMMMM are we sure that SWIFT GPI is not a Ripplenet mask? Or are Santander just playing the field?

Cross border payments will go threw swift GPI and ripple net. 

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Santander is so bullish on Ripple that it feels like there has to be more to the story. 

Ok read this from Ripple website: 

Metzger said that Banco Santander has plans to continue to roll out OnePay FX in more countries in the coming months. Today, the mobile application is available in the U.K. The service also provides on-demand international payments for customers in Spain, Brazil and Poland.

https://ripple.com/insights/swell-2018-how-banco-santander-launched-a-payment-app-for-millions/

And then compare to what SWIFT says: 

The leading retail and commercial bank, Santander, has gone live on SWIFT’s global payments innovation (gpi) service in Spain, the UK, Argentina and Poland. It will go live in Chile and Mexico before the end of the year, with further countries planned for 2019.

A bit of a coincidence??

Edited by davygravy77

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Or it's a desperate act of Swift to publish this info.

There's no similar news item about gpi and a single bank in their recent news stream.

Why do they explicitly report about Santander?

Of course Swift aims to sow distrust and doubt.

And of course Santander is using gpi. They're a Swift member, why shouldn't they use what Swift offers to members?

To me this is good news. It shows Swift's growing desperation. 

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