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Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration.Santander Brasil has launched testing of a blockchain-based tokenization platform for transferring ownership of used cars in Brazil, Cryptox Brasil reported on Oct. 19.The platform is designed to
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Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian
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La institución financiera se sumará a compañías fintech que ingresan al segmento cripto como Nubank, MercadoLibre y PicPay. Original Source
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Several non-crypto financial companies have announced or started operating crypto ventures in Brazil recently. In July, the Brazilian fintech PicPay announced its plans to launch a crypto exchange and a Brazilian real-tied stablecoin in 2022, while in December, Mercado Libre, Latin America’s largest e-commerce company by market value, started allowing
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Once the loan is approved, tokens will be sent to an escrow, which is a third-party smart contract, until the credit is repaid with fiat or tokens, Scaliter said. If a farmer repays the loan with tokens, Santander will automatically convert them to Argentine pesos on the Agrotoken platform, Scaliter
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Santander, a leading financial institution in Spain, is preparing to offer a Bitcoin ETF to its customers in the country. This, while Spanish asset managers have been largely reluctant to embrace crypto products as part of their investment portfolio offerings to customers. Santander Bitcoin ETF in Preparation Santander will be giving the
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A group of Spanish companies including banks and energy firms is working to develop a "self-managed" digital identity system using blockchain technology. Source
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One Pay FX – Ripple and Banco Santander’s joint collaboration – is looking to get a share of the FinTech market by using innovative solutions that offer transparent, low-cost and faster banking services to its customers.Spain’s multinational banking group Banco Santander is working to expand its One Pay FX international
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Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020.In a Form 20-F filed with the United States Securities and Exchange Commission on March 6, the bank revealed that Mexico will be offering the service in early 2020.The One
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