XRP Army Sees This $500M Western Union Acquisition as Big News for XRP. Here’s Why
Main Idea
Western Union's $500 million acquisition of Intermex, a former RippleNet partner, has excited the XRP community due to potential scaling of XRP-powered payment solutions, though caution is advised as past partnerships did not fully materialize.
Key Points
1. Western Union acquired Intermex in a $500 million all-cash deal, with the transaction expected to close in mid-2026 pending approvals.
2. Intermex partnered with Ripple in 2020 to test RippleNet's On-Demand Liquidity (ODL) solution, which uses XRP for faster cross-border transactions.
3. The XRP community sees potential for Western Union to scale XRP-based technology across its vast network, given Intermex's prior involvement with Ripple.
4. Intermex previously clarified that ODL would not be deployed in core markets like Mexico, tempering expectations from past Ripple partnerships.
5. Western Union has not publicly committed to large-scale integration of XRP or RippleNet, leaving adoption dependent on strategic and regulatory factors.
Description
Crypto Eri ~ Carpe Diem first brought attention to the development on X, confirming that Western Union has signed a definitive agreement to acquire International Money Express (Intermex) in an all-cash deal valued at approximately $500 million. The agreement, priced at $16.00 per share, represents both equity and enterprise value. Western Union says the acquisition will provide access to Intermex’s roughly six million customers across the Americas. The transaction is expected to close in mid-202...
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