12-31-2020, 04:04 AM
Sending Money With Ripple is 5x More Expensive - Western Union CEO
<!-- SC_OFF --><div class="md"><p>So, there's this post from June 2019 where Western Union CEO, Hikmet Ersek said at a conference that their test result shows that sending money with payment networks like Ripple's is 5-times more expensive than Western Union. </p> <p><a href="https://coinfomania.com/ripple-5x-more-expensive-than-western-union/">https://coinfomania.com/ripple-5x-more-expensive-than-western-union/</a></p> <p>Makes me wonder what Brad and the guys have been doing all along and that the SEC's lawsuit was well deserved.</p> <p>The SEC lawsuit even says:</p> <p><strong>To encourage adoption of ODL, Ripple paid XRP to both the money transmitting businesses and certain market makers that supported the product for their efforts.</strong> </p> <p>Even Moneygram that had a deal with Ripple to use ODL has come clean to say it's not their major cross-border payment tool.</p> <p>What have Ripple been doing all along?</p> <p>Just dumping XRP on the market?</p> <p>Sorry XRP guys, but these questions need to be answered.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wmredditor"> /u/wmredditor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kmzwvv/sending_money_with_ripple_is_5x_more_expensive/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kmzwvv/sending_money_with_ripple_is_5x_more_expensive/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>So, there's this post from June 2019 where Western Union CEO, Hikmet Ersek said at a conference that their test result shows that sending money with payment networks like Ripple's is 5-times more expensive than Western Union. </p> <p><a href="https://coinfomania.com/ripple-5x-more-expensive-than-western-union/">https://coinfomania.com/ripple-5x-more-expensive-than-western-union/</a></p> <p>Makes me wonder what Brad and the guys have been doing all along and that the SEC's lawsuit was well deserved.</p> <p>The SEC lawsuit even says:</p> <p><strong>To encourage adoption of ODL, Ripple paid XRP to both the money transmitting businesses and certain market makers that supported the product for their efforts.</strong> </p> <p>Even Moneygram that had a deal with Ripple to use ODL has come clean to say it's not their major cross-border payment tool.</p> <p>What have Ripple been doing all along?</p> <p>Just dumping XRP on the market?</p> <p>Sorry XRP guys, but these questions need to be answered.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/wmredditor"> /u/wmredditor </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kmzwvv/sending_money_with_ripple_is_5x_more_expensive/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/kmzwvv/sending_money_with_ripple_is_5x_more_expensive/">[comments]</a></span>Kind Regards R