Ripple & Western Union Collaboration Is Big For XRP

via cryptodaily.co.uk:

Now that the initial hype around cryptocurrency has died down, attention has switched to the relationships that cryptocurrencies can build with companies to increase usage. Ripple XRP has been in the news frequently as news of new partnerships has broken. The latest news has the potential to be the biggest so far. Reports have emerged suggesting that Western Union is trialing the Ripple XRP blockchain as a means of transferring assets between branches.

Western Union adopting a cryptocurrency would be the biggest vote of confidence in the medium to date. Western Union is used by millions of people worldwide to transfer cash when traditional banking services are unavailable. At present, fees for these services can be very expensive due to the difficulty of wiring money between the markets that Western Union operates in, many of which have poor infrastructure. A move to Ripple XRP would allow Western Union to speed up transfers and reduce the costs paid by customers for moving money around.