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Santander, the Spanish bank, is gearing up to roll out an international money transfer app thanks to a partnership with blockchain FinTech startup Ripple. According to a report in citing comments that Nathan Bostock, U.K. CEO of Santander, made at the International FinTech conference in London late last week, the bank is gearing up to enable cross-border payments via blockchain, the technology that makes cryptocurrency possible. “This spring, if no one beats us to it, we will be the first large retail bank to carry out cross-border payments at scale with blockchain technology,” Bostock said, according to Business Insider.

Banco Santander, a retail and commercial bank headquartered in Spain, and IBM have announced a collaboration to design and develop a suite of IBM MobileFirst for iOS apps to “support the banking group's digital transformation and give employees the tools to create deeper engagements with their customers.”.

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He said, which is focused on using blockchain technology to enable cross-border payments, was the partner for the effort — but did not say when a product would launch. A spokesperson for Santander declined to comment on the statements from Bostock during the conference. Santander, reported Business Insider, invested in Ripple in both 2015 and 2016. Internally in 2016 it tested out an international payments app that relied on Ripple technology, noted the report.