dontsellmeadog 270 Posted September 24, 2018 Share Posted September 24, 2018 "Western Union recently announced that its pilot of xRapid did not save the company time or money. Ripple says the results show smaller financial institutions and startups are more likely to initially see significant savings with the technology." Hopefully this is not a result others see as well. Link to post Share on other sites
30k1m 44 Posted September 24, 2018 Share Posted September 24, 2018 8 minutes ago, dontsellmeadog said: "Western Union recently announced that its pilot of xRapid did not save the company time or money. Ripple says the results show smaller financial institutions and startups are more likely to initially see significant savings with the technology." Hopefully this is not a result others see as well. Are you talking about the June announcement? Or is there a new one I missed? Link to post Share on other sites
AllinXRP 363 Posted September 24, 2018 Share Posted September 24, 2018 Old news. As a community we have decided to ignore it. The reality is that WU likely sees Ripple as a possible competitor and I am sure they didn’t do them any favours. Paradigm and CT99 2 Link to post Share on other sites
Guest Posted September 24, 2018 Share Posted September 24, 2018 16 minutes ago, 30k1m said: Are you talking about the June announcement? Or is there a new one I missed? Looks like this is referring to the one 72710275 years ago, nothing recent Link to post Share on other sites
Paradigm 1,412 Posted September 24, 2018 Share Posted September 24, 2018 Blockbuster & Netflix. HazzaHat, Oli_Sav and Cesar1810 2 1 Link to post Share on other sites
dontsellmeadog 270 Posted September 24, 2018 Author Share Posted September 24, 2018 Might be old news.. but did anything change that now makes it irrelevant? Its only old to those who have already seen it. Link to post Share on other sites
johnlogan 577 Posted September 24, 2018 Share Posted September 24, 2018 Roy Rogers restaurant had a very successful trial with XRP - big savings. Link to post Share on other sites
30k1m 44 Posted September 24, 2018 Share Posted September 24, 2018 9 minutes ago, dontsellmeadog said: Might be old news.. but did anything change that now makes it irrelevant? Its only old to those who have already seen it. Asheesh Birla: ‘’It’s not surprising that Western Union has not seen tremendous improvement since it has only actually made 10 transactions using XRP. 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,” Birla said. “They do millions of transactions a month, and I’m not surprised that with 10 transactions it didn’t have earth-shattering results.” Link to post Share on other sites
JackTheRipples 545 Posted September 24, 2018 Share Posted September 24, 2018 33 minutes ago, AllinXRP said: Old news. As a community we have decided to ignore it. The reality is that WU likely sees Ripple as a possible competitor and I am sure they didn’t do them any favours. Yeah. This puts all of WU competitors on an even playing field. WU seems to be now in a scramble to figure out if they can find another advantage before giving in. WU will be irrelevant if they dont use xrapid. There are plenty of other appealing psp's in the sea Link to post Share on other sites
BabyNeedsShoes 335 Posted September 24, 2018 Share Posted September 24, 2018 1 hour ago, dontsellmeadog said: "Western Union recently announced that its pilot of xRapid did not save the company time or money. Ripple says the results show smaller financial institutions and startups are more likely to initially see significant savings with the technology." Hopefully this is not a result others see as well. Old news. Trial with few small amounts etc. etc. etc. In few years they will be begging Ripple to let them in. Cesar1810 1 Link to post Share on other sites
dontsellmeadog 270 Posted September 24, 2018 Author Share Posted September 24, 2018 9 minutes ago, BabyNeedsShoes said: Old news. Trial with few small amounts etc. etc. etc. In few years they will be begging Ripple to let them in. Yes, I know, old news, small amounts...etc But if XRP is supposed to save on costs because of its speed and low fee... why would small amounts be any different from large ones? DannyRipple22 and Cesar1810 2 Link to post Share on other sites
Coco 85 Posted September 24, 2018 Share Posted September 24, 2018 1 hour ago, dontsellmeadog said: "Western Union recently announced that its pilot of xRapid did not save the company time or money. Ripple says the results show smaller financial institutions and startups are more likely to initially see significant savings with the technology." Hopefully this is not a result others see as well. We have been doing some experiment with #Ripple but we are YET to see efficiency for our transactions as we are very efficient in doing what we do. [ he uses the word "yet" - ] Hikmet Ersek, CEO of Western Union. Link to post Share on other sites
bluedalmatian 19 Posted September 24, 2018 Share Posted September 24, 2018 I thi nk OP has just seen this article which contains exactly that quote: https://dailyhodl.com/2018/09/24/confirmed-ripple-now-has-7-partners-ready-to-use-xrp-powered-payment-solution-xrapid/ Link to post Share on other sites
dontsellmeadog 270 Posted September 24, 2018 Author Share Posted September 24, 2018 More so, my question is... if Ripple+XRP is supposed to save in upwards of 60% on fees/costs ... why does the amount of transactions matter? Shouldn't it save whether it's 10 transactions or 10,000 or 1,000,000? Cesar1810 1 Link to post Share on other sites
xrpmeplease 549 Posted September 24, 2018 Share Posted September 24, 2018 (edited) 11 minutes ago, dontsellmeadog said: More so, my question is... if Ripple+XRP is supposed to save in upwards of 60% on fees/costs ... why does the amount of transactions matter? Shouldn't it save whether it's 10 transactions or 10,000 or 1,000,000? the small number of transactions means that WU needs to maintain all the existing infrastructure in order to manage the rest of the transactions...if you read all that Birla quote he goes on to make the point that WU can't expect to realize savings if they maintain the entire infrastructure xRapid is meant to replace... fwiw, the WU dude goes on to brag that the with the existing infrastructure that they created their own "blockchain" years ago...lol Edited September 24, 2018 by xrpmeplease Cesar1810 1 Link to post Share on other sites
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