Spain’s Banco Santander is looking to launch an international money transfer app utilizing Ripple’s distributed ledger technology.

The bank is exploring cross-border payments via blockchain, Business Insider reported, citing comments made by the CEO of its UK-based banking unit, Nathan Bostock.

“This spring, if not 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 told attendees of the International Fintech conference in London last week.

As yet, there is no set launch date for the money transfer app, though Bostock did name Ripple as a partner.

Santander has previously invested in Ripple’s blockchain technology, which is used by financial institutions to facilitate payments via distributed ledger technology. There are more than 100 banks currently on Ripple’s network as of October 2017.

Banco Santander has about $1.7 trillion in assets.

Read more at Business Insider and PYMNTs.