Let’s not kid ourselves.
It’s now obvious that Ripple has the undivided attention of many of the world’s leading banks, money transfer conglomerates and other assorted financial institutions. The Western Union trial is just the latest in a series of trial announcements. The people in the know are completely aware that Western Union are downplaying this trial announcement. Blind Freddy can see that xCurrent and xRapid will save unimaginable levels of time and money. Western Union see themselves as the world leaders in money transfer so if their goal is to hold onto this standing and continue to have the prestige as number one, then an XRP-powered Western Union app is just around the corner. Lock it in.
There isn’t a financial company on earth foolish enough to not look into what all of this Ripple fuss is about. The trial announcements that we’ve been hearing about have been in the pipeline for months, or even years. People need to understand that crypto is new, and companies are afraid of change...and they understand that their customers are even more skeptical of change. This is why these announcements are being trickled out to the general public. It’s highly likely that these deals are already done and that a number of communications and marketing teams are introducing their customer base to the idea of crypto / XRP in a gentle and drip-feed fashion. The non-crypto-understanding world needs time to process the change that is coming...and it’s coming like a tidal wave.
With this is mind, it’s my personal opinion that we are highly likely to receive news that PayPal is trialling the use of XRP in the very near future. First will be the rumour, then a memo or phone call transcript will be leaked. PayPal will then come out and say that they have decided to trial the use of xCurrent or xRapid, with an undisclosed end date on the trial.
When this happens, be ready for such a sudden and sharp rise in the value of XRP, that it will demand the world financial community’s attention. When PayPal announce an XRP-powered product, the world will change and those who hold XRP will be rewarded for their good judgement.
If none of the above has already transpired, then PayPal are just delaying the inevitable. They either use the fastest and cheapest form of money transfer in the world’s history...or PayPal (and any company that values making and saving money), will eventually cease to exist.
