Brad Garlinghouse CEO gives an interview to CNN. He discusses the emergence of crypto-currencies and their adoption driven by the coronavirus pandemic. However, it was his answer to the question of a possible partnership with Western Union that caught the attention of the XRP community.
Garlinghouse dodges host Julia Chatterley’s question if the rumor is true. It simply states that Ripple has a policy of “talking to its customers” when they feel ready. Some users say the reaction from Ripple’s CEO could be part of a strategy. But others wonder if the recent sale of their shares in MoneyGram was related to the potential partnership. For now, everything remains a speculation.
According to a published Credit Suisse research, Western Union was studying the potential of XRP. He was testing use cases with the payment solutions offered by Ripple. A Western Union executive says the company would use cryptocurrencies if they proved to be a cheaper alternative to improve its services.
In mid-year, CNF reported on a possible acquisition of MoneyGram shares by Western Union. The rumors came from an anonymous source. However, this is not confirmed. It is also important to mention that speculation about the acquisition of MoneyGram by Western Union has been around since 2015.
XRP needs regulatory clarity
Other topics Garlinghouse covered included the regulation of cryptocurrencies in the United States. This is a major issue for the payment solutions company, as it repeats the possibility of migrating out of the United States.
The STABLE Act could be the last step, will push many overseas companies to seek more crypto-friendly regulations.
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