Ripple Partners With Former Western Union Unit on Cross-Border Payments
The brief announcement says the collaboration is intended to enhance cross-border payments, an area where blockchain-based settlement tools are often used to improve transfer speed and efficiency.
Summary
No Summary provided as the original text is short
Terms & Concepts
Cross-border payments: Transfers sent between countries, often involving multiple intermediaries, currencies, and settlement systems.
Blockchain settlement: The use of distributed ledger networks to record and complete transfers more directly and transparently.
Ripple: A digital asset company known for payment-focused blockchain infrastructure used in international money movement.