Following weeks of speculations, Western Union (NYSE:WU), the world’s largest money transfer service, has confirmed its working relationship with Ripple (available on Binance) as the company begins testing transactions with the cryptocurrency.

Last month, rumors surfaced that the money transfer company had plans to adopt Ripple (available on Binance) this year, sending the company’s stock up by 6%. MoneyGram (NASDAQ:MGI), the second-largest money transfer service, has already begun adopting Ripple (available on Binance) in its payments system.