Western Union to Integrate Ripple’s Technology for Faster Remittances

Western Union has taken a significant step towards transforming the global remittance industry with its recent acquisition of Intermex, a move that may reshape how money is sent across borders. Rather than building from scratch, Western Union is utilizing Intermex’s existing infrastructure and partnerships with Ripple, leveraging the company’s blockchain-based solutions for faster and more cost-effective payments. This strategic acquisition gives Western Union access to an established network already operating on Ripple’s blockchain network, potentially revolutionizing cross-border transactions.