Western Union News

Why Doesn’t Western Union or Moneygram Use Bitcoin?

Why Doesn’t Western Union or Moneygram Use Bitcoin?

JAN 29, 2017 | Luis Buenaventura

Western Union doesn’t need Bitcoin in its current infantile state. Conversely, if and when Bitcoin reaches adulthood the world would no longer need Western Union.

 7928   |    2
Western Union Shares Drop, Bitcoin Interest Surges in Mexico

Western Union Shares Drop, Bitcoin Interest Surges in Mexico

JAN 28, 2017 | Joël Valenzuela

Western Union shares have plunged following the Mexican president’s cancellation of a meeting with Donald Trump, underscoring the need for less nationally vulnerable payment systems like Bitcoin.

 8369   |    9
Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers

Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers

JAN 20, 2017 | Frisco d'Anconia

Remittance giant Western Union has been fined $568 mln after admitting to money laundering and supporting fraudulent wire transfers. Blockchain-based technologies can prevent such criminal activities.

 11058   |    3
Western Union Invests in Digital Currency Group

Western Union Invests in Digital Currency Group

APR 29, 2016 | Jacob J

Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG).

 14643
Greece Down to Its Last €500 Million with No Ability to Print Drachmas

Greece Down to Its Last €500 Million with No Ability to Print Drachmas

JUL 03, 2015 | George Samman

As Greece approaches the referendum on Sunday July 5, there is complete uncertainty as to whether “yes” or “no’ will be voted for and what the ramifications of such a vote will mean.

 143
Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership

Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership

APR 29, 2015 | William Suberg

In an unexpected partnership for a cryptocurrency business, Ripple has announced a partnership with fiat-based money transfer operator Western Union.

 229
BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

JAN 12, 2015 | Diana Ngo

BitHalo announces the release of version 2.1 of its decentralized escrow client, adding a new feature that aims to compete directly with companies such as Paypal and Western Union, said the organization in an announcement.

 60
MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’

MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’

DEC 22, 2014 | Diana Ngo

Increasing awareness of the Bitcoin remittance market has put mounting pressure on extant fiat-based money transmitters to adapt their business models. Western Union has received much negative attention this year due to its corporate reaction to Bitcoin, so CoinTelegraph spoke to MoneyGram’s Peter Ohser to see how its competitors view the current market.

 54
BitLicense Comments Reveal Competitors’ Hidden agenda

BitLicense Comments Reveal Competitors’ Hidden agenda

DEC 04, 2014 | William Suberg

As the full list of comments on BitLicense is revealed, the list of contributors and their requests makes for interesting reading – even including a potentially prominent new critic of the scheme. Western Union and Amazon feature notably among the several thousand contributors, whose full texts were released yesterday and confirmed by Benjamin Lawsky on Twitter.

 20
OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

NOV 28, 2014 | Tim Swanson

Last week the /r/Bitcoin community thought they came up with a clever ad (see image) that revealed the “true” costs of remittances. But this is an apple’s to orange’s comparison.

 91
Western Union Sitting Duck in Bitcoin Viral Ads Blunder

Western Union Sitting Duck in Bitcoin Viral Ads Blunder

NOV 25, 2014 | William Suberg

Western Union has become the latest target of one of the Internet’s more sophisticated dethroning campaigns – and, it seems, has already lost the battle to contain the consequences.

 123
Western Union waits for “Bitcoin Currency Regulation”

Western Union waits for “Bitcoin Currency Regulation”

JUN 26, 2014 | Cyril Gilson

While Western Union CEO Hikmet Ersek suggested on Bloomberg TV that the company ‘would consider using Bitcoin’ in future, how likely would that in fact be?

 34
First brick-and-mortar Bitcoin seller opens in Hong Kong

First brick-and-mortar Bitcoin seller opens in Hong Kong

MAR 03, 2014 | Armand Tanzarian

If the metaphor that best applies to the Robocoin machines is an ATM, then the appropriate metaphor for Asia Nexgen Bitcoin Exchange’s new storefront in Hong Kong would be … Western Union?

 15
Bitcoin enthusiasts of Ecuador gather up for the first time

Bitcoin enthusiasts of Ecuador gather up for the first time

FEB 23, 2014 |

Ecuador is a small country with a great potential for cryptocurrency and in heavy need of it. These topics were among the more important ones at the first ever meet-up for people invested in Bitcoin.

 12
Two Horse Race of 2014 or Bitcoin Against Western Union

Two Horse Race of 2014 or Bitcoin Against Western Union

JAN 12, 2014 |

Drawing a line under the previous year, the 2013, our online magazine “The Coin Telegraph” allowed itself to publish several articles, containing expert opinions and forecasts about Bitcoin and its development in 2014.

 8
Western Union Invests in Digital Currency Group

Western Union Invests in Digital Currency Group

APR 29, 2016 | Jacob J

Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG).

 14643
Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers

Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers

JAN 20, 2017 | Frisco d'Anconia

Remittance giant Western Union has been fined $568 mln after admitting to money laundering and supporting fraudulent wire transfers. Blockchain-based technologies can prevent such criminal activities.

 11058   |    3
Western Union Shares Drop, Bitcoin Interest Surges in Mexico

Western Union Shares Drop, Bitcoin Interest Surges in Mexico

JAN 28, 2017 | Joël Valenzuela

Western Union shares have plunged following the Mexican president’s cancellation of a meeting with Donald Trump, underscoring the need for less nationally vulnerable payment systems like Bitcoin.

 8369   |    9
Why Doesn’t Western Union or Moneygram Use Bitcoin?

Why Doesn’t Western Union or Moneygram Use Bitcoin?

JAN 29, 2017 | Luis Buenaventura

Western Union doesn’t need Bitcoin in its current infantile state. Conversely, if and when Bitcoin reaches adulthood the world would no longer need Western Union.

 7928   |    2
MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’

MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’

DEC 22, 2014 | Diana Ngo

Increasing awareness of the Bitcoin remittance market has put mounting pressure on extant fiat-based money transmitters to adapt their business models. Western Union has received much negative attention this year due to its corporate reaction to Bitcoin, so CoinTelegraph spoke to MoneyGram’s Peter Ohser to see how its competitors view the current market.

 54
Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership

Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership

APR 29, 2015 | William Suberg

In an unexpected partnership for a cryptocurrency business, Ripple has announced a partnership with fiat-based money transfer operator Western Union.

 229
OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

NOV 28, 2014 | Tim Swanson

Last week the /r/Bitcoin community thought they came up with a clever ad (see image) that revealed the “true” costs of remittances. But this is an apple’s to orange’s comparison.

 91
BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

JAN 12, 2015 | Diana Ngo

BitHalo announces the release of version 2.1 of its decentralized escrow client, adding a new feature that aims to compete directly with companies such as Paypal and Western Union, said the organization in an announcement.

 60
Greece Down to Its Last €500 Million with No Ability to Print Drachmas

Greece Down to Its Last €500 Million with No Ability to Print Drachmas

JUL 03, 2015 | George Samman

As Greece approaches the referendum on Sunday July 5, there is complete uncertainty as to whether “yes” or “no’ will be voted for and what the ramifications of such a vote will mean.

 143
Western Union waits for “Bitcoin Currency Regulation”

Western Union waits for “Bitcoin Currency Regulation”

JUN 26, 2014 | Cyril Gilson

While Western Union CEO Hikmet Ersek suggested on Bloomberg TV that the company ‘would consider using Bitcoin’ in future, how likely would that in fact be?

 34
Bitcoin enthusiasts of Ecuador gather up for the first time

Bitcoin enthusiasts of Ecuador gather up for the first time

FEB 23, 2014 |

Ecuador is a small country with a great potential for cryptocurrency and in heavy need of it. These topics were among the more important ones at the first ever meet-up for people invested in Bitcoin.

 12
BitLicense Comments Reveal Competitors’ Hidden agenda

BitLicense Comments Reveal Competitors’ Hidden agenda

DEC 04, 2014 | William Suberg

As the full list of comments on BitLicense is revealed, the list of contributors and their requests makes for interesting reading – even including a potentially prominent new critic of the scheme. Western Union and Amazon feature notably among the several thousand contributors, whose full texts were released yesterday and confirmed by Benjamin Lawsky on Twitter.

 20
First brick-and-mortar Bitcoin seller opens in Hong Kong

First brick-and-mortar Bitcoin seller opens in Hong Kong

MAR 03, 2014 | Armand Tanzarian

If the metaphor that best applies to the Robocoin machines is an ATM, then the appropriate metaphor for Asia Nexgen Bitcoin Exchange’s new storefront in Hong Kong would be … Western Union?

 15
Western Union Sitting Duck in Bitcoin Viral Ads Blunder

Western Union Sitting Duck in Bitcoin Viral Ads Blunder

NOV 25, 2014 | William Suberg

Western Union has become the latest target of one of the Internet’s more sophisticated dethroning campaigns – and, it seems, has already lost the battle to contain the consequences.

 123
Two Horse Race of 2014 or Bitcoin Against Western Union

Two Horse Race of 2014 or Bitcoin Against Western Union

JAN 12, 2014 |

Drawing a line under the previous year, the 2013, our online magazine “The Coin Telegraph” allowed itself to publish several articles, containing expert opinions and forecasts about Bitcoin and its development in 2014.

 8
Western Union Shares Drop, Bitcoin Interest Surges in Mexico

Western Union Shares Drop, Bitcoin Interest Surges in Mexico

JAN 28, 2017 | Joël Valenzuela

Western Union shares have plunged following the Mexican president’s cancellation of a meeting with Donald Trump, underscoring the need for less nationally vulnerable payment systems like Bitcoin.

 8369   |    9
Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers

Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers

JAN 20, 2017 | Frisco d'Anconia

Remittance giant Western Union has been fined $568 mln after admitting to money laundering and supporting fraudulent wire transfers. Blockchain-based technologies can prevent such criminal activities.

 11058   |    3
Why Doesn’t Western Union or Moneygram Use Bitcoin?

Why Doesn’t Western Union or Moneygram Use Bitcoin?

JAN 29, 2017 | Luis Buenaventura

Western Union doesn’t need Bitcoin in its current infantile state. Conversely, if and when Bitcoin reaches adulthood the world would no longer need Western Union.

 7928   |    2
Western Union waits for “Bitcoin Currency Regulation”

Western Union waits for “Bitcoin Currency Regulation”

JUN 26, 2014 | Cyril Gilson

While Western Union CEO Hikmet Ersek suggested on Bloomberg TV that the company ‘would consider using Bitcoin’ in future, how likely would that in fact be?

 34
OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked

NOV 28, 2014 | Tim Swanson

Last week the /r/Bitcoin community thought they came up with a clever ad (see image) that revealed the “true” costs of remittances. But this is an apple’s to orange’s comparison.

 91
Western Union Invests in Digital Currency Group

Western Union Invests in Digital Currency Group

APR 29, 2016 | Jacob J

Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG).

 14643
Bitcoin enthusiasts of Ecuador gather up for the first time

Bitcoin enthusiasts of Ecuador gather up for the first time

FEB 23, 2014 |

Ecuador is a small country with a great potential for cryptocurrency and in heavy need of it. These topics were among the more important ones at the first ever meet-up for people invested in Bitcoin.

 12
Greece Down to Its Last €500 Million with No Ability to Print Drachmas

Greece Down to Its Last €500 Million with No Ability to Print Drachmas

JUL 03, 2015 | George Samman

As Greece approaches the referendum on Sunday July 5, there is complete uncertainty as to whether “yes” or “no’ will be voted for and what the ramifications of such a vote will mean.

 143
BitLicense Comments Reveal Competitors’ Hidden agenda

BitLicense Comments Reveal Competitors’ Hidden agenda

DEC 04, 2014 | William Suberg

As the full list of comments on BitLicense is revealed, the list of contributors and their requests makes for interesting reading – even including a potentially prominent new critic of the scheme. Western Union and Amazon feature notably among the several thousand contributors, whose full texts were released yesterday and confirmed by Benjamin Lawsky on Twitter.

 20
Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership

Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership

APR 29, 2015 | William Suberg

In an unexpected partnership for a cryptocurrency business, Ripple has announced a partnership with fiat-based money transfer operator Western Union.

 229
Western Union Sitting Duck in Bitcoin Viral Ads Blunder

Western Union Sitting Duck in Bitcoin Viral Ads Blunder

NOV 25, 2014 | William Suberg

Western Union has become the latest target of one of the Internet’s more sophisticated dethroning campaigns – and, it seems, has already lost the battle to contain the consequences.

 123
BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union

JAN 12, 2015 | Diana Ngo

BitHalo announces the release of version 2.1 of its decentralized escrow client, adding a new feature that aims to compete directly with companies such as Paypal and Western Union, said the organization in an announcement.

 60
First brick-and-mortar Bitcoin seller opens in Hong Kong

First brick-and-mortar Bitcoin seller opens in Hong Kong

MAR 03, 2014 | Armand Tanzarian

If the metaphor that best applies to the Robocoin machines is an ATM, then the appropriate metaphor for Asia Nexgen Bitcoin Exchange’s new storefront in Hong Kong would be … Western Union?

 15
MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’

MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’

DEC 22, 2014 | Diana Ngo

Increasing awareness of the Bitcoin remittance market has put mounting pressure on extant fiat-based money transmitters to adapt their business models. Western Union has received much negative attention this year due to its corporate reaction to Bitcoin, so CoinTelegraph spoke to MoneyGram’s Peter Ohser to see how its competitors view the current market.

 54
Two Horse Race of 2014 or Bitcoin Against Western Union

Two Horse Race of 2014 or Bitcoin Against Western Union

JAN 12, 2014 |

Drawing a line under the previous year, the 2013, our online magazine “The Coin Telegraph” allowed itself to publish several articles, containing expert opinions and forecasts about Bitcoin and its development in 2014.

 8

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