Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Cryptocurrency
  • News
  • Ripple (XRP)

Western Union Testing and Considering the Use of Ripple’s XRP for International Payments

Solomon Odunayo April 14, 2020 2 min read
Western Union Testing and Considering the Use of Ripple’s XRP for International Payments

Western Union, the international money transfer giant, is not relaxing in its quest to test the potential in Ripple’s digital token XRP.

Going by a 2020 research report from Credit Suisse, the international money transfer giant is considering the strength of the technology in boosting the speed, in order to reduce the cost of cross-border payments.


trade now

According to the researchers, “Western Union is testing and considering use of Ripple (XRP) for cross-border…” The researchers also referred to the partnership between Ripple and MoneyGram as a case study, “…Ripple has made a $50mm investment in Western Union competitor, MoneyGram.”

In the research report, it’s stated that Western Union still keeps considering Ripple’s XRP, despite the fact that the company is initially less bullish on the technology.

Moves of Western Union towards Crypto Assets and XRP in the Past

In June 2019, the CEO of Western Union said that the company’s initial trials of Ripple’s XRP in cross-border transactions, revealed that using cryptocurrency is 5 times more expensive than using their in-house payment system.

However, in February 2019, Molly Shea, Western Union’s general manager of Asia Pacific, had said the company is in strategic moves to use cryptocurrencies, since it’s getting clearer that they are taking over the international payment.

Molly Shea said,

“When you think about cryptocurrencies, if those start to take off, we need to be ready. We need to be ready from a technology perspective.

And we’ve got to be ready from – regulatory has to be there – but we constantly have to be looking for those trends where customers are looking and make sure that you’re ready to meet those needs and expectations.”

The report released by Credit Suisse in January 2020, reveals that digital currencies are “unlikely to gain consumer-to-business payments adoption at least for the medium term.”

In the report, difficulties with chargebacks and dispute processes, taxation, regulatory uncertainty, and price volatility were cited as possible factors to delay its adoption.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Bitcoin (BTC) Price Prediction of Time Traveler Has Faltered
Next: CZ Binance Slams Peter Schiff for His Stern Criticism of Bitcoin (BTC)

Related Stories

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$23,664.00
-0.27%
ethereum
Ethereum (ETH)
$1,660.41
1.26%
tether
Tether (USDT)
$1.00
0.13%
binancecoin
BNB (BNB)
$326.69
2.58%
usd-coin
USD Coin (USDC)
$1.00
-0.34%
ripple
XRP (XRP)
$0.411475
-0.95%
binance-usd
Binance USD (BUSD)
$1.00
-0.22%
cardano
Cardano (ADA)
$0.400566
1.19%
dogecoin
Dogecoin (DOGE)
$0.091847
-2.37%
polkadot
Polkadot (DOT)
$6.63
3.17%

Recent Posts

  • Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
  • Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
  • Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
  • Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
  • India 2023 Budget Retains Strict Crypto Tax Rules
  • Where Did Terra Developers Go After Network Collapsed?
  • Core Scientific Strikes $70M Loan Deal With B. Riley
  • BTC Miner Greenidge Reduces $72M Debt With NYDIG To $17M
  • South Korean Law Enforcement Investigates $8M Crypto Scam Targeting Investors
  • Floki Won’t Actually Burn $115M Worth of Tokens: Here’s Why
  • HSBC Reveals Crypto Industry Move with Job Openings
  • Binance Shuts Down Several Accounts Amid Bitzlato Investigation
  • ETH Added An Average Of Over 130,000 Addresses Daily In 2023
  • UK’s Charity Commission Probes Charity Organization Linked To FTX
  • Dogecoin Community Berates Mcdonald’s Over Reluctance To Announce DOGE Adoption

Categories

You may have missed

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Stablecoin
  • Terra (LUNA)

Bitcoin Adoption By Guatemalan Merchants Increases Through Tattoos 

February 2, 2023
Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report
2 min read
  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News

Recent Bullish Crypto Market Yields Approximately 44,000 New Bitcoin Millionaires – Report

February 2, 2023
Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds
3 min read
  • Cryptocurrency
  • News
  • Regulation
  • Scam / Hack

Hong Kong To Facilitate Institutional Investors With Tokenized Green Bonds

February 2, 2023
Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter
2 min read
  • Crypto Trading
  • Cryptocurrency
  • Decentralized Cryptocurrency Exchange (DEX)
  • News
  • Ripple (XRP)

Ripple Realizes Strong Growth with $226M XRP Sold in Fourth Quarter

February 2, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%