- Western Union and Ripple have teamed up for the former to enhance its cross-border transfer services.
- The source appears to be Western Union CEO Hikmet Ersek who announced the news in a conference call.
- The cordiality between Ripple and Western Union can be traced back to 2018.
Money transfer solutions giant Western Union was reported to have teamed up with Ripple to enhance its cross-border services to customers. According to an article by Cointrust, the news came from Western Union and its CEO, Hikmet Ersek.
Read CRYPTONEWSLAND on
google news
As per the article, Western Union’s decision to embrace Ripple’s blockchain technology and incorporate the XRP token underscores the company’s commitment to exploring innovative solutions that can enhance its cross-border payment capabilities.Â
Ripple, renowned as a global payment network, serves as a pivotal bridge connecting banks, payment providers, digital asset exchanges, and corporations through its proprietary blockchain platform, RippleNet.
This robust infrastructure facilitates swift, cost-efficient, and dependable cross-border transactions, accommodating a wide range of currencies and assets, including the network’s native cryptocurrency, XRP.
XRP plays a crucial role as a bridge currency, enabling seamless value exchange between various fiat currencies and other digital assets. This unique functionality enhances XRP’s utility and significance within the world of international money transfers, making it a powerful tool for Western Union’s pursuit of streamlined and effective cross-border payments.
The article was also shared on Binance News, citing Cointrust again as the source. Alternatively, other sources said the same, saying it was Ersek who bared the news in a conference call.
Read Also :
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
