The post crypto-TradFi partnerships that go nowhere appeared on BitcoinEthereumNews.com. After Solana boasted this week about its exclusive partnership with remittance giant Western Union for its USDPT stablecoin, researchers remained skeptical that the partnership will gain meaningful traction. The unfortunate reality of such announcements is initial hype and minimal follow-up. Indeed, for nearly a decade, crypto partnerships with traditional finance — and remittance companies in particular — have almost always fizzled out after their initial fanfare. Crypto giants like Ripple and Stellar have announced a dizzying array of press releases that ultimately resulted in minimal on-chain activity. According to a complaint by the US Securities and Exchange Commission, for example, Ripple “made an avalanche of public statements” over the years in an attempt to increase the value of XRP as it sold over $2 billion worth of the token. Ripple contested that characterization and lost one complaint on the slightly lower amount of $728 million worth of unregistered securities via institutional sales of XRP. Protos has already covered Ripple’s lackluster deals with: FairFX RationalFX Exchange4Free UniPAY UnionPay Bill & Melinda Gates Foundation Mercy Corps Mojaloop Foundation Institute for Business and Social Impact Lunu Travelex Bank Moneygram Read more: Years of hype but still no deal: SWIFT sidesteps XRP again Ripple, Stellar, and more failed crypto-TradFi partnerships Stellar, founded by Ripple co-founder Jed McCaleb, has also announced a variety of partnerships that expired after minimal traction. The company’s marquee partnership with IBM World Wire, for example, would have utilized stellar (XLM) for cross-border payments. However, it has now been sunsetted as open-source with IBM publishing the code on GitHub and mostly abandoning the initiative. Stellar also had a partnership with Wyre to develop on- and off-ramps for digital asset payments. Wyre ended those business operations in June 2023, terminating the partnership. Like Ripple, Stellar also had a failed pilot program with MoneyGram.… The post crypto-TradFi partnerships that go nowhere appeared on BitcoinEthereumNews.com. After Solana boasted this week about its exclusive partnership with remittance giant Western Union for its USDPT stablecoin, researchers remained skeptical that the partnership will gain meaningful traction. The unfortunate reality of such announcements is initial hype and minimal follow-up. Indeed, for nearly a decade, crypto partnerships with traditional finance — and remittance companies in particular — have almost always fizzled out after their initial fanfare. Crypto giants like Ripple and Stellar have announced a dizzying array of press releases that ultimately resulted in minimal on-chain activity. According to a complaint by the US Securities and Exchange Commission, for example, Ripple “made an avalanche of public statements” over the years in an attempt to increase the value of XRP as it sold over $2 billion worth of the token. Ripple contested that characterization and lost one complaint on the slightly lower amount of $728 million worth of unregistered securities via institutional sales of XRP. Protos has already covered Ripple’s lackluster deals with: FairFX RationalFX Exchange4Free UniPAY UnionPay Bill & Melinda Gates Foundation Mercy Corps Mojaloop Foundation Institute for Business and Social Impact Lunu Travelex Bank Moneygram Read more: Years of hype but still no deal: SWIFT sidesteps XRP again Ripple, Stellar, and more failed crypto-TradFi partnerships Stellar, founded by Ripple co-founder Jed McCaleb, has also announced a variety of partnerships that expired after minimal traction. The company’s marquee partnership with IBM World Wire, for example, would have utilized stellar (XLM) for cross-border payments. However, it has now been sunsetted as open-source with IBM publishing the code on GitHub and mostly abandoning the initiative. Stellar also had a partnership with Wyre to develop on- and off-ramps for digital asset payments. Wyre ended those business operations in June 2023, terminating the partnership. Like Ripple, Stellar also had a failed pilot program with MoneyGram.…