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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...
Blockchain Credit Union Consortium to Use R3’s Corda for Cross-Border Payments Product
22.5.2019
CULedger, a blockchain consortium and credit union service organization, has chosen R3’s Corda blockchain to underpin its forthcoming cross-border payments product
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...
European Union Fines 5 Top Banks 1 Billion Euros for Foreign Exchange Market Rigging
17.5.2019
Over the course of their history, some of the biggest banks in the world have often colluded to rig the different markets in which they operate, and much of that has come out in the open over the past decade or so. The fixing of LIBOR was a case in point, and in a new …
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European Union’s Copyright Directive Proves To Be A New Threat For Youtube
13.5.2019
Alphabet Inc, which owns Google and YouTube among other internet properties, has been in the crosshairs of the regulatory authorities in the European Union (EU) for quite a while and earlier this year, the company had to pay the EU billions in fines for abusing its position as a dominant player....