The cryptocurrency has had a bout of deep interest from Financial Institutions but the continuous fluctuations in price and the ups and downs seem to have made some of the bigger institutions steer clear of the industry. Nevertheless, there is some good news which comes from Western Union, especially for Ripple followers.
As Western Union’s Global Money Transfers General Manage, Asia Pacific, Molly Shea said in a recent podcast with Analyseasia:
“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 told this to the audience when she was asked about her views towards blockchain and its applications to remittances while assuring the listeners that fiat, physical, currency isn’t going anywhere any time soon. Shea said that the cryptocurrency space is still growing and that…
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