Western Union to test Ripple for settlements. But is it really a breakthrough for XRP?

Ripple’s XRP is a cryptocurrency that divides opinion, and the latest announcement by Western Union that it is pilot-testing Ripple’s is unlikely to convince skeptics about the soundness of XRP’s prospects.

As reported by ABM Crypto, Western Union’s Global Money Transfers General Manager, Asia Pacific, Molly Shea said the following in a recent podcast interview:


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.

One can easily note that Shea does not clarify which of Ripple’s solutions Western Union is testing but even if it is testing xRapid (that involves XRP), xRapid only requires XRP for relatively small deposits.

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