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End of Western Union Remittance Service to Cuba a Boon for Crypto
23.11.2020
As new U.S. government measures that impose restrictions on remittances to Cuba becomes effective after November 22, Western Union, which has been operating in the island nation since 1999, will close shop. The new rule, which was published on October 27, gave Western Union 30 days to implement...
Western Union Ban Could Drive Cubans to Bitcoin As Deadline Looms
18.11.2020
Cubans are being pushed yet closer to bitcoin (BTC) and altcoins after the nation’s long-running spat with the United States took yet another conventional remittance casualty.
Per earlier reports in November, the Cuban government has closed all 400 Western Union offices in the country after...
Western Union Suspends US Dollar Transfers to Cuba
17.11.2020
The move follows the latest sanction from the Trump administration
Cred Taps Former NSA, Western Union Bosses for Leadership Team
23.6.2020
Crypto lender Cred is bolstering its technical knowledge by bringing on an experienced CISO and CTO
Western Union Aims to Acquire Ripple's Partner MoneyGram - Report
2.6.2020
Payments giant Western Union is reportedly interested in purchasing major money transfer company MoneyGram, co-owned by American blockchain company focusing on payments technologies Ripple.
Western Union aims to acquire MoneyGram, thus joining two of the largest US providers of money-transfer...
Western Union Makes Takeover Offer for MoneyGram
2.6.2020
According to Bloomberg, financial giant Western Union has made an offer to purchase cross-border payments company MoneyGram
Why Crypto Will Not Make Western Union Obsolete
29.5.2019
George Harrap
The text below is an excerpt from The Compendium of Cryptocurrency Remittances by George Harrap, CEO of Bitspark, a bankless money transfer solution utilising blockchain technology.
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It is impossible in the remittance world to ignore Western Union (WU). The solid brand name...
Facebook Reveals Plans of Launching Its Cryptocurrency ‘GlobalCoin’ in 2020
24.5.2019
As per the latest reports doing the rounds since today morning, Facebook is all set to introduce its own digital currency next year. The crypto referred to as ‘GlobalCoin,’ is most likely to hit the market in the 1st quarter of 2020 officially. If everything goes according to the social networking...
International Money Transfer: Western Union vs World Remit vs Bitcoin
19.5.2019
One of the earliest cited use cases for bitcoin was international money transfers. Many believed that bitcoin would disrupt the global remittance market like nothing before because of the digital currency’s ability to process borderless digital cash transactions in a matter of minutes at a much...