Financial giants Western Union and GraceKennedy Money Services (GKMS) have announced the updating of the online platform to transfer money The project launch is planned in late April this year. On the development of ideas became known after Western Union (WU) has confirmed that it is testing a system of calculating Ripple (XRP), based on the Blockchain, XRP and Xrapid.

While it is not known whether focused on xRapid and xCurrent. However, analysts believe that the project will use the tools Ripple as Western Union acquired a 25 percent stake in GraceKennedy remittance, Cambio and Bill Payments Businesses in the Caribbean, so the probability is very high.

According to the President and CEO of Western Union Hikmet Ersekë, this idea is a first of its kind in the Caribbean and Latin America. With the new platform users will be able to send money from any point in Jamaica, and also make mobile payments using the phone. It is known that the company is GraceKennedy Group focuses on the road map, which will implement a 15 percent revenue from new developments.

– to create a new customer base; it will consist of clients who are working on account basis, – says General Director of GKMS, Michelle Allen. We do not expect that we will be able to stop our existing clients, but reach out to new users.

Additionally, the company GKMS has more than 140 locations around the island and connects the 200 countries around the world.

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