Ripple has landed his biggest client at the moment, the division of the US bank Santander Bank announcing a mobile application powered by the company's distributed register on Friday.

The bank had piloted the application for 18 months with its employees, integrating Apple Pay for payments between £ 10 and £ 10,000 ($ 14 and $ 14,000), according to Finextra. The application will be deployed in Spain, Brazil, the United Kingdom and Poland, according to the presentation of the results of the company in 2017.

Customers will be able to use the app to facilitate cross-border payments the same day in less than a minute, according to the slide. The application will also provide a digital wallet, a personal finance manager and will help one-to-one payments.

Ovidio Cordero, a spokesman for Santander, said: "We plan to launch this in the coming months, and we can officially confirm that we plan to use xCurrent in the project."

Ripple's xCurrent product does not use XRP, the native cryptocurrency of the company.

Ripple's general manager, Brad Garlinghouse, announced the move to his followers on Twitter, noting that the application will be released this quarter.

Here is a billion

Separately, Ripple spent about $ 84 million worth of XRP from its January stockpile of nearly $ 1 billion last month, based on current market prices.

The company had access to 1 billion XRP last month, which means that the remaining 900 million were handed over to thirds at the end of January. The funds were transferred back through two transactions, with 900 million XRP worth $ 756 million at the time of the press.

The company has $ 61 billion worth of XRP worth $ 51 billion stalled over the next four years through a series of smart contracts.

The Ripple escrow movement was developed to increase trust in XRP. Because of Ripple's own possessions, limiting access to tokens on the part of developers alone prevented massive chip dumps that could cost the price.

Every month, 1 billion XRP is released to the company for internal use. While in the past Ripple used an average of about 300 million XRP per month, it seems to require less of its spare tokens, at least according to this data point.

image Santander United Kingdom via Jason Batterham / Shutterstock

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