Following weeks of speculations, Western Union (NYSE:WU), the world’s largest money transfer service, has confirmed its working relationship with Ripple as the company begins testing transactions with the cryptocurrency.
Last month, rumors surfaced that the money transfer company had plans to adopt Ripple this year, sending the company’s stock up by 6%. MoneyGram (NASDAQ:MGI), the second-largest money transfer service, has already begun adopting Ripple in its payments system.
>>Ripple: Investors Confidence Soars, But Why Its CEO Paints a Bleak Picture
“We are looking especially in the processing settlement and working capital optimization, …
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