The cryptocurrency market has been of deep interest to the Financial Institutions but the continuous ups and downs have kept a few major institutions at bay. However, Western Union has a piece of good news for the Ripple followers as per Western Union’s Global Money Transfers General Manager, Asia Pacific, Molly Shea.
Shea in a podcast interview with Analyseasia said:
“We’re piloting some settlement tests with Ripple for certain corridors, the US Dollar and the Mexican peso is one example..learning about possible opportunities.. the options that we choose need to be legitimate and widely acceptable for consumer use”.
Shea informed this to the audience when she was asked about her views towards blockchain and its applications to remittances while assuring the listeners that the physical currency is “not going anywhere”. Shea said that the field of cryptocurrencies is still evolving and it is about staying knowledgeable about the technological advancement to know its application for…
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