Western Union Confirms XRP Integration of Ripple Blockchain Trial
In a world where money goes through the globe at breakneck speed, Western Union wants to take things one step further by tapping a blockchain-based infrastructure.
The company looks at Ripples platform as a way to settle payments with more liquid and possibly lower fees, Western Union CEO Hikmet Ersek emphasized during a call earlier this week.
A spokesman confirmed that Western Union actually experimented with the XRP, Ripple's token, according to Fortune.
Western Union Confirms XRP Integration of Ripple Blockchain Trial
Western Union has formally confirmed that its Ripple-based blockchain trial will include XRP integration, making the money transfer giant the largest firm to test XRP in its internal payment flows.
Western Union confirmed rumors about the partnership on Wednesday. Details about the trial were slim, but it seemed unlikely that XRP was involved given that most of Ripple’s partners have connected to RippleNet, the company’s private enterprise blockchain.
Read more: ccn.com
I was expecting much higher price reaction with this news...
After experiencing significant growth in 2017 , XRP hit an all-time high of $3.84 per unit in January 2018, but has since dropped back down to around $1.14 , as of the time of writing. If Ripple’s partnerships with Western Union and other institutions go well, 2018 could be the year it truly
challenges bitcoin for the crypto throne .
To the 🌙 moon now XRP
Exactly, even though many complains that ripple are the banks coin, but it's good for the crypto market generally.
Ripple is different than the banksters using XRP coin. Why would banksters use XRP coin, with all the inherent volatility?
Banksters want to reduce costs of doing business, as they need to do to stay competitive with where crypto technology will be at in two or three years. Using XRP coin is not going to minimize their costs.
Ripple.net will make lots of money. XRP coin will end up as a speculative bust.
The only way to make money with XRP coin, is time the market perfectly. Get in at a low, and exit at a high before the crash.
If you believe you are exceptional at market timing, buy some XRP coin.
Its really good news for people.
I love cryptocurrency news and love to earn and try. Because the cryptocurrency can change the financial condition of the people very quickly. Your post is very important and useful. The information that you have on this post is very useful for many of us. So I hope your post will be very helpful for us.....
This is the start of something big with WU, soon majority of the crypto will be in WU. Will this make it much easier for us to convert crypto to USD? Thanks @tradewonk for sharing this.
Agree it is!
I like your style writing mr@tradewonk
thats really an amazing and knowldge full posr i love to read this amazingly done!
Good post dear
so what is the point if we do trading with xrp we will get profit in this year? .. I plan to try trading ... but do not know which coins that have a bright prospect ..
@tradewonk
You got a 13.44% upvote from @buildawhale courtesy of @tradewonk!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.
If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.