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PayExpo: Instant Cross-Border Payments

Such a busy end to the year. BAKKT going live September 22/23, SIBOS coming up next week, SEC meetings right around the corner and now we get news of PayExpo October 8th – 9th.

We are going to focus on what key panel here which will take place on October 8th at 12:30. The panel is called: Instant Cross-Border Payments The good, the bad and the ugly.

The key speakers are:

Chris Fletcher, Global Head of Digital & Channel Partnerships, Global Payments – Western Union

Jeremy Light, VP of EU Strategic Accounts – Ripple

Philip Enness, IBM Asia Pacific Market Development Leader World Wire & Blockchain – IBM

They will be discussing trends in Cross-Border payments and International Trade. They will also go over the opportunities for banks and other payment companies & how DLT technology can transform the landscape.

It will be very interesting to see what Western Union has to say as they been firmly against using DLT technology as they believe they have the most cost-effective method in place for cross-border payments. As we all know this is far from the truth, we do find it very interesting to see Western Union constantly up on stage with Ripple’s employees.

Let us not forget that Western Union is still actively testing Ripples software. Molly Shae general manager of Asia Pacific for Western Union had this to say:

“We’re open to exploring new business opportunities. Particularly those that give us the opportunity to offer more choices to our customers. So the blockchain and cryptocurrency space is rapidly evolving. And we continue to explore possible applications for our business.

As some examples, we’re piloting some settlement tests with Ripple for certain corridors. I think the US dollar and Mexican peso is one example. And really learning about possible opportunities.”

You can read our postback from February where Molly goes over the ongoing test with Ripple and XRP:

Link Here: https://xrprightnow.com/western-union-testing-settlement-with-ripple/

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