Western Union says it has found no saving by using Ripple’s XRP for transactions while Ripple responded that Western Union hasn’t made a proper case study.
No Savings with XRP
Ripple has pegged its reputation and that of its cryptocurrency, XRP, to the fact that it is a faster, cheaper way to move money across borders. This is the reason that Western Union decided to text the currency using Ripple’s xRapid product but says so far it has seen no savings. CEO Hikmet Ersek told Fortune magazine that,
“We are always criticized that Western Union
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