Ripple Made a Huge Splash in the News Today, setting the bulls lose on valentines.
You can add Western Union to the growing list of banks and financial institutions that are test piloting Ripple the block chain company trying to become the go to service for global money transfers. CEO Hikmet Ersek told analysts that the company is experimenting with Ripple for settling transactions and for capital optimization. Western Union is also testing Ripple’s native currency, XRP a spokesperson confirmed.
' Also The Saudi Arabian Monetary Authority, the central bank for the Kingdom of Saudi Arabia has signed an agreement with Ripple to help banks improve their payments infrastructure using X-Current.
This ground breaking pilot program is the first of its kind to be launched by a central bank. Participating banks will use X-Current to instantly settle payments sent into and out of the country with greater transparency and lower costs.'
This is more good news for the rising star, can ripple become the standard in money transfers? Only time will tell! Thank you for reading and have a blessed day!
