Over the past few months, there has been a lot of talk regarding financial service providers experimenting with Ripple technology. That list includes some big names including Western Union, MoneyGram, and MercuryFX. This latter company has confirmed that their recent trial with xRapid was successful. Going into production will be their next step. MercuryFX is Pleased With xRapid Conducting a proper trial with emerging technologies is always the first step in any industry. For financial service providers, these trials are even more critical, especially when bridging the gap between traditional finance, blockchain, and digital assets. MercuryFX is one of the many companiesPowered by WPeMatico
Western Union has officially confirmed they are trialing Ripple’s xRapid solution. This is big news for both companies, as improving liquidity in the remittance sector is direly needed. Especially if this also leads to lower fees for users and service providers alike, things can only improve from here on out. Western Union Officially Embraces Ripple’s xRapid Most people in the cryptocurrency industry have rather mixed feelings when it comes to Ripple and their XRP asset. This company is looking to work with banks and other financial service providers, which is in stark contrast to decentralized cryptocurrencies. Even so, most people acknowledge