Retraction: Clarification on Western Union and Ripple integration story

Dear Mariblock Readers,

In our recent story titled “Western Union integrates Ripple’s blockchain solution for cross-border transactions,” we reported on what we believed to be a significant development in the financial industry.

However, it has come to our attention that our article contained inaccurate information. We sincerely regret disseminating this misinformation and want to set the record straight. We have unpublished the story. You can find the archived version here.

We had reached out to Western Union for comments but didn’t receive a response before publishing the story. The money transfer company has now replied to clarify the situation, and we want to convey their response accurately.

In our initial article, we reported that Western Union was planning to leverage Ripple’s blockchain and XRP token for cross-border transactions. This was based on information published by another cryptocurrency news outlet.

However, Western Union has clarified that there is no ongoing partnership or integration with Ripple.

In its statement to Mariblock, Western Union stated:

“There has been a spate of misleading articles arising from a recent tweet on the topic of a Western Union/Ripple collaboration. The tweet and resulting articles appear to reference a pilot Western Union did with Ripple, which concluded a number of years ago. Western Union has not subsequently worked with Ripple.”

To be clear, we could have avoided this error by looking deeper into the story’s source and wording. As a rule, we avoid writing stories based on second-hand reports unless we can ascertain the authenticity of such stories.

This is the first time we’ve had to issue a correction/retraction in our one-year-plus operation.

We sincerely apologize for any confusion our initial article may have caused our readers and the parties involved. We take our responsibility as a credible source of information seriously and are committed to providing accurate and reliable news to our audience.

It is essential to exercise due diligence and verify information from multiple sources before accepting it as fact, especially in the fast-paced world of blockchain and digital asset development.

Once again, we apologize for any inconvenience this may have caused and thank our readers for their understanding and continued support.

Sincerely,

Oluwaseun Adeyanju
Lead Editor, Mariblock