Western Union refused to cooperate with Ripple

Ripple XRP not saving Western Union Money? Hikmet Ersek, JP Morgan Patent, リップル

For the Ripple team, the possibility of cooperation with Western Union is becoming illusory. The fact is that the latter is clear gave understand that she is interested in working with other cryptocurrencies.

As it turned out, the reason for such a sharp cooling in relations between the parties is as follows: Western Union representatives have publicly stated that they are dissatisfied with the results of the use of Ripple technology. Ripple VP Ashish Birla thinks Ripple has done too little research. If there were more of them, the company would see savings. And with ten transactions compiled, despite the fact that several million of them are needed per month, it was quite difficult to see the result.

Western Union, in turn, cooled to Ripple, did not enter into negotiations. When applying for a patent for the use of cryptocurrencies in their application, they did not mention their partners, clearly making it clear to the public that the company is open to other collaborations. It is noteworthy that the relationship between the parties lasted for a long six months and could be an excellent impetus for the growth of Ripple, which in the end remained at a broken trough.

Western Union refused to cooperate with Ripple

Earlier we wrote about changing top managers at Ripple.

text: Evgeniya Likhodey, photo: Matt Cardy / Getty images / Kiplinger

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