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.

Western Union shares have plunged following the Mexican president’s cancellation of a meeting with Donald Trump, underscoring the need for less nationally vulne...
Western Union Shares Drop, Bitcoin Interest Surges in Mexico
Joël Valenzuela
Remittance giant Western Union has been fined $568 mln after admitting to money laundering and supporting fraudulent wire transfers. Blockchain-based technologi...
Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers
Frisco d'Anconia
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).
Western Union Invests in Digital Currency Group
Jacob J
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 ...
Greece Down to Its Last €500 Million with No Ability to Print Drachmas
George Samman
In an unexpected partnership for a cryptocurrency business, Ripple has announced a partnership with fiat-based money transfer operator Western Union.
Western Union ‘Capitulates’ to Crypto with Ripple Labs Partnership
William Suberg
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 Paypa...
BitHalo Releases Decentralized Escrow Client v2.1 to Rival PayPal, Western Union
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 ...
MoneyGram: ‘Bitcoin Really is Not Being Used for Remittance’
Diana Ngo
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...
BitLicense Comments Reveal Competitors’ Hidden agenda
William Suberg

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