Financial Giant Western Union Disappoints XRP Community with Latest Move! How Does It Affect XRP? Famous CEO Explains!

Western Union, one of the world's most established payment companies, recently took an important step to adapt to the digital age and announced that it will launch a new ￰0￱ Union has disappointed XRP investors by choosing the Solana (SOL) network for its stablecoin, “US Dollar Payment Token (USDPT). Some users have stated that Western Union's choice of Solana over XRP for its new stablecoin poses a threat to XRP and the broader XRPL ecosystem. However, Flare CEO Hugo Philion emphasized that Western Union's agreement with Solana does not strategically impact the Ripple (XRP) or XRP Ledger (XRPL) ￰1￱ Flare CEO stated that Solana's election does not pose a threat to Ripple or the broader XRPL ￰2￱ to Philion, Ripple has focused on highly profitable sectors such as trading and asset management with a broader perspective, unlike Western Union, which focuses entirely on consumer payments.

Finally, the Flare CEO added that Flare complements the successes of Ripple and XRPL by expanding the use cases of ￰3￱ Union's Solana deal has nothing to do with XRPL or ￰4￱ is clearly pursuing the highly lucrative trading and asset management ￰5￱ expanding use cases and making XRP highly programmable, Flare strengthens any verticals that Ripple and XRPL have gained.” XRP Community Disappointed! Many XRP users expressed disappointment with the choice of the Solana network over XRP, especially given that Western Union has been experimenting with Ripple’s payment technology since ￰6￱ the time, the company had explored Ripple's blockchain solution to enable faster and cheaper cross-border payments.

However, despite conducting several pilots with XRP in 2018, the financial giant chose SOL for its upcoming ￰7￱ led to disappointment within the XRP community. *This is not investment ￰8￱ Reading: Financial Giant Western Union Disappoints XRP Community with Latest Move! How Does It Affect XRP? Famous CEO Explains!