Western Union Tested XRP for a Decade, But Why Did It Pick Solana?

• Western Union tested Ripple’s XRP for years but found performance lacking.
• The firm will launch its USDPT stablecoin with Anchorage Digital on Solana.
• Solana’s speed, low fees, and reliability made it the top choice for the company.

Western Union has officially chosen Solana to launch its new stablecoin, marking a shift in the payments industry and a surprising move for those who remember the company’s long history with Ripple’s XRP.

A Decade of Testing XRP

Western Union began experimenting with Ripple’s technology back in 2015. The goal was to explore faster and cheaper international transfers. By 2018, the company ran several pilots using XRP for cross-border settlements, but the results were underwhelming.

At the time, Western Union allegedly said XRP did not outperform its existing systems in terms of speed or cost. Transaction fees were higher …

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