News
According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram.
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Western Union News
Western Union is an American company that specializes on provision services at intermediation of international money transfers. The company was founded in 1851 and currently is headquartered in Greenwood Village, CO. Western Union provides transfer services in 200 countries around the world with the help of Western Union’s international official representatives. In the end of 2017, the company announced that it will ban all transactions somehow related to cryptocurrency. However, in 2018, Western Union cooperated with altcoin network Ripple in order to test and implement its technologies to improve the money transferring process, which can lead to faster transactions and a reduction in Western Union fees.
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Two men plead guilty for illicitly selling steroids and controlled substances and laundering millions of dollars in crypto.
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Payments giant Western Union will integrate the Coins.ph blockchain-based platform, enabling Filipinos to conduct cross-border money transfers.
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A new strain of Trojan malware for Android phones is targeting global users of top crypto apps such as Coinbase, BitPay and Bitcoin Wallet.
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Financial services provider Western Union is partnering with Stellar collaborator Thunes to enable WU clients to transfer funds directly to mobile wallets globally.
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Western Union claims company is technologically “ready to adopt any kind of currency,” including crypto.
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Cryptocurrencies have challenges in becoming a major force in the world’s economy, but looking at history, almost every advancement has had similar issues.
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The world’s largest money transfer company Western Union will not add a cryptocurrency transfer solution to its services soon, claiming there is not sufficient demand from customers.
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The 61-bank Japanese Bank Consortium has partnered with Ripple to release an instant domestic money transferring app this fall.
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Western Union has confirmed testing transactions based on Ripple’s Blockchain to provide faster and cheaper domestic and cross-border transfers.
64390 International money services provider Western Union has launched a campaign against wire transfer transactions involving digital currency exchanges.
29070- Adoption
Bitcoin’s disruptive nature will force transactions to become free according to top tech investor
40764 Bitcoin fees are making commerce with the digital currency impractical for companies; Dash and Litecoin sought as alternatives
28360New Technologies From Cryptography to AI Rapidly Transforming Financial Services: IMF
8990Western 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.
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