Rumors of a partnership of Western Union and Ripple turned out to be true. After a month of speculation the company money transfer said that he recognizes the technology of the blockchain and testing in conjunction with Ripple.
– We are particularly trying to optimize the calculations of working capital as well as part of regulation we explore the possibilities of the blockchain along with Ripple – said General Director of Western Union, Hikmet Ersek.
In his statement, Ripple explained that for some time tested different products with Western Union, in particular xRapid that uses XRP payments.
We will add, companies specializing in money transfers, typically use prepaid account to execute client transactions. The technology of the blockchain from Ripple and XRP cryptocurrency has helped speed up the transaction that caused a rise in XRP to 35500% last year, despite the fact that XRP is not required to process payments.
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