"Ripple’s senior vice president of product Asheesh Birla said the pilot was far too small to see significant results. Adding that;
'If they were to move volume at scale, then maybe you would see something, but with 10, it’s not surprising that they’re not seeing cost savings, They do millions of transactions a month, and I’m not surprised that with 10 transactions it didn’t have earth-shattering results.'
Birla went on to explain that if Western Union expanded it’s test of xRapid to all of its transactions they would see savings of around 50%. He also pointed out that Western Union has failed to embrace the benefits of their product by retaining legacy costs from their traditional method of currency transfer. The company has maintained staff to cover functions that can be eliminated using blockchain and this Birla explained is eating into the cost benefits of adapting xRapid."