Western Union claims company is technologically “ready to adopt any kind of currency,” including crypto.
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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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 ...
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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.
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