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!
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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
Informative post.Thanks for sharing it
Again good news for crypto. Thanks for sharing the important news.
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I love cryptocurrency news and love to earn and
try. thanks for sharing and very helpful post.
RippleNet is not a blockchain infrastructure, it's not a blockchain at all. It's a decentralized ledger, but it does not have the structure of a chain of blocks linked by a consensus mechanism.
Amazing news... I think we are in for a lot of good news for Ripple through 2018. The rise back over $3 shouldn’t be any problem. The question is just how high might we see? $5? HODL
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It's good to hear as I mined for XRP for some time ago. I heard many people have tons of XRP from mining. Are you?
Pretty significant for Ripple that they found a company which now also wants to use XRP for their internal payments. That was a big point of criticism with their previous partnerships, so this will be music to the ears of many. No doubt it will have a positive impact on the price of XRP. If now the developers can reduce their % of XRP owned, i'll be impressed :)
Thanks for bringing relevante information for us Steemers. Please follow and I will follow back.
Its great news
XRP go to MOON!!
it is stabilizer after this fix .. I see it well go to 100 dollars
its good... I will watch till WU actually applies it...
New facebook group where community raise larger amounts of ether together and then get bigger bonuses in the ICOs. Also US and China investor can now participate in those ICOs because there is no need for KYC. Link: https://m.facebook.com/groups/166717497272510?ref=bookmarks
Ripple is best for trasactions as it's bank friendly. No wonder why Western Union is testing integration with XRP.
I think it's time to invest in Ripple. Right @tradewonk?
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Remittance is referred to as the money sent by immigrants to their families residing in their native countries. Remittance market plays a vital role in the economic growth and livelihoods of people across the world.
The key players of the market including
PayPal Holdings Inc.
Western Union
MoneyGram
International and
Euronet.
get more updates on similar industry@sumaanraina