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.

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 or...
OP-ED: The Rise and Rise of Lipservice: Viral Western Union Ad Debunked
Tim Swanson
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 cont...
Western Union Sitting Duck in Bitcoin Viral Ads Blunder
William Suberg
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?
Western Union waits for “Bitcoin Currency Regulation”
Cyril Gilson
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 Ko...
First brick-and-mortar Bitcoin seller opens in Hong Kong
Armand Tanzarian
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 ...
Bitcoin enthusiasts of Ecuador gather up for the first time
Andrew Marshall
Drawing a line under the previous year, the 2013, our online magazine “Cointelegraph” allowed itself to publish several articles, containing expert opinions and...
Two Horse Race of 2014 or Bitcoin Against Western Union
Andrew Marshall
During the Western Union Consumer Protection & Compliance Conference 2013 on 16th-18th of September, its executives gave a presentation that said it wasn’t yet ...
Western Union is not yet ready for bitcoin international transfer

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