Are the pros going to rule crypto currencies?

[tokeweed]

Looks like it.  

Western Union 'Exploring' Pilot Program With Ripple Labs

Global remittance giant Western Union is reportedly working on a pilot program with distributed payment protocol provider Ripple Labs.

The news was first revealed in a tweet by Ripple Labs promoting CEO Chris Larsen's appearance at Global Conference 2015, an annual event held by non-profit think tank the Milken Institute.

The pilot was further confirmed by Monica Long, VP of marketing and communications at Ripple Labs, who told CoinDesk that while Western Union is "exploring a pilot project using Ripple", no further details on the initiative were available.

Long did, however, suggest that Western Union was interested in Ripple due to its existing value propositions, stating:

"In general, financial institutions and networks use Ripple as a technology that powers real-time settlement in any currency to lower the cost of liquidity and compliance."

http://www.coindesk.com/western-union-pilot-program-ripple-labs/

[Miracal]

Yes, Ripple provides a good solution for the international remittance, low cost and high speed! No wonder west union is working with ripple labs! We need more application of cryptocurrency in our real life, which will increase the awareness of cryptocurrency.

[JohnnyBTCSeed]

Does that mean we might be able to buy bitcoins at western union?

[AtheistAKASaneBrain]

They are going to try to bring the fiat scam into the crypto ecosystem without a shadow of a doubt, to secretly buy BTC because it will be what ends up being adopted by everyone. Ripple will be another pump and dump scam. I mean who wants to use something called "Ripple", it sounds so unaesthetically pleasing.

[tyz]

Actually it is not a surprising development. So many big names from old economy or tech firms have joined crypto startups and companies over the last months. Some of them joined Ripple Labs as employee or consultant. They have good contacts to policymakers.

[Rofo]

What sort of question is that? Of course they are. You know that, you're a smart fella.

[TaunSew]

Ripple has been a master of this pump and dump misleading news for an incredibly long time.  Should had seen their PDFs, from years ago, claiming that by now they would have been in every bank - blah blah blah.  Or  that time where they claimed  they were working with "big banks" but it was actually only Fidor and Fidor was primarily only interested in BTC and stopped working with Ripple and instead partnered with Krakken.  


Especially with that new washed out career-dead Yahoo executive on the Ripple Staff, working there must be an incredibly toxic environment.


Anyway we're talking about a company that's older than BTC, Ripple was founded in 2004, and it hasn't gone anywhere in all that time.  Ripple is just an investors' trap, imho.  Success of the ancient Ripple swindling investors also persuaded other vaporware companies to go into crypto, such as Maidsafe (less than 5 employees) from 2006 which was recycling code from open source projects in the 1990s, received many millions of millions over the years and hasn't turned out a single product yet and yet the money has "disappeared"  

No wonder people don't want to get into cryptocurrency, it's a mos eisley cantina full of scammers, crooks and fraudsters and it attracts new ones all the time.

[tokeweed]

Ripple has been a master of this pump and dump misleading news for an incredibly long time.  Should had seen their PDFs, from years ago, claiming that by now they would have been in every bank - blah blah blah.  Or  that time where they claimed  they were working with "big banks" but it was actually only Fidor and Fidor was primarily only interested in BTC and stopped working with Ripple and instead partnered with Krakken.  


Especially with that new washed out career-dead Yahoo executive on the Ripple Staff, working there must be an incredibly toxic environment.


Anyway we're talking about a company that's older than BTC, Ripple was founded in 2004, and it hasn't gone anywhere in all that time.  Ripple is just an investors' trap, imho.  Success of the ancient Ripple swindling investors also persuaded other vaporware companies to go into crypto, such as Maidsafe (less than 5 employees) from 2006 which was recycling code from open source projects in the 1990s, received many millions of millions over the years and hasn't turned out a single product yet and yet the money has "disappeared"  

No wonder people don't want to get into cryptocurrency, it's a mos eisley cantina full of scammers, crooks and fraudsters and it attracts new ones all the time.

So true.  Just check coinmarketcap.com.  Most of those coins are a joke really.  And who would want to invest in those?  Unless they were scammed into doing so.  And they are coming after ordinary people's money.  The naive.

But in Ripple's case, with all those VC's investing in Ripple Labs.  Were those VC's scammed out of millions of USD by Ripple Labs?

Here's a link of all the VC's who invested https://www.ripplelabs.com/investors/

Those are big names.  A big lawsuit is coming if they're proven a scam.  Buyer beware and do your research.

[Ozcar]

Western Union is running one of the biggest scams going with money transfer. Their prices are extortionate, it's no wonder they're interested in the technology to reduce their costs.