In a recent interview Banco Santander has expressed its interest in collaborating with Ripple. The collaboration with the cryptocurrency company aims to focus on smoothing relation of OnePay FX with its customers.

Ed Metzger, CTO of OnePay FX at Sanatander, took this opportunity to share his views. He said that this collaboration will be very beneficial for consumers and the multinational commercial bank, both.

He further stated that the main motive is to simplify the international payments process. Ripple will help in reducing the strain factors of the consumers. The collaboration with Ripple will also enable the bank to meet the increasing demands of its customers.

As per the report, the cloud will have all the information stored. This will enable consumers to easily access their data with transparency. The data will have enhanced security powered by Ripple Blockchain Technology. Hence, frequent misuse or threats in terms of identity theft, mutilations will reduce, opines the company statements.

Following it, Metzger commented that increased speed in transactions and surety of payment will definitely win customers’ trust in the company. According to him, the distributed ledger technology can also ease cross-border payments. This will, in turn, reduce the interference of any expensive third-party as of now.

The Chief Technology Officer opines that the merge of Ripple’s Blockchain technology has improved the functioning of various sectors as in several instances. Similarly, with OnePay FX, the company is also hopeful to witness the same.