There is an ever-growing international need for effective, transparent, and low-cost payments which engage with emerging markets. Ripple appears to be the frontrunner when it comes to providing said service, thanks to a whole slew of new partnerships. Making Waves RippleNet, Ripple’s decentralized global network of banks and payment providers utilizing Ripple’s distributed financial technology, has been garnering all sorts of attention from established financial institutions lately. RippleNet is powered by xCurrent, and provides real-time
Tag Archive: Western Union
Altcoin News, News, News teaser, Ripple Altcoin News, Altcoins, News, News teaser, Ripple
San Francisco-based Ripple has not had the best of starts to 2018. Its cryptocurrency, XRP, has been on a downward slide since the first week of January and has lost almost 70% of its value. However, things could be about to turn around for the company as Western Union is now test driving its transfer technology. The list of banks and financial institutions that are using and testing Ripple’s products is growing by the week.
Bitcoin, Bitcoin Education, Bitcoin Service, Emerging Markets
This case-study will focus on Bitcoin’s rise in Nigeria. It was partially inspired by a question from Bloomberg’s Joe Weisenthal about what benefits does Bitcoin bring to people living amid a currency crisis. Economies with Currency Black Markets There is a currency crisis in the Nigerian economy, and using Bitcoin remittances offers real, measurable financial benefits to its population of 173 million. In the event that President Trump blocks remittances from the US to Mexico (which is a form of capital control
Bitcoin, Bitcoin Regulation, Bitcoin Taxes, FinTech, Legislation, News, News teaser
Mexico’s biggest cash cow is under siege as Donald J. Trump threatens to tax or halt remittances to the country in order to pay for his border wall. Western Union Shares Dive Following Trump’s executive order to start building the southern border wall issued on Wednesday, markets are already taking into account the possibility of a tax on remittances from the U.S. to Mexico. This is already being felt by such remittance giants as Western Union whose shares dropped 2.44% today. As a
Bitcoin, Bitcoin Businesses, Bitcoin Conference, Blockchain Technology
On Sunday afternoon’s lead-off keynote address at the Money 20/20 Conference in Las Vegas, Visa and Chain joined to collectively promote their new, blockchain-inspired payments platform, B2B Connect. Also read: Altcoin Report: Monero Shutting Down Until January Visa and Chain Use Blockchain for B2B Transactions Leveraging benefits from shared infrastructural ledger technology, including global scale, transparency, and cryptographically-backed security, the Visa B2B Connect product is built on Chain’s proprietary Chain Core software. The product will go live with a
Bitcoin, News, News teaser, Trending
Want to catch up on digital currency news? This week, an accidental transaction landed a bitcoin miner a hefty sum of coins, and Barry Silbert’s Digital Currency Group got even bigger. Take a look and see what you’ve been missing. Also read: Industry Report: EU Gets Serious, Blockchain Does Healthcare BITCOIN ERROR = MASSIVE FUNDS! Imagine that you’re expecting a minor payment from a friend or colleague. Nothing big, maybe a few dollars or so.
Companies, Conferences and Meetings, FinTech, News, News teaser, Trending
At the Money20/20 conference in Copenhagen, Western Union announced the launch of the WU EDGE platform, designed to provide increased transaction channels and analytics opportunities for Western Union small and middle-sized business clients. The Enterprise Digital Global Exchange (EDGE) is the new Western Union business-to-business digital platform which will make buying and selling overseas much more seamless and cheap. Also read: How to Implement the Blockchain in Financial Institutions Western Union Borrows From the Blockchain Given Western
Bitcoin Investment, Bitcoin Technology, Blockchain Technology, Companies, News, News teaser, Press releases, Start-Ups
Amsterdam, Netherlands, February 17, 2016 — Moneytis was launched in 2015 by 2 French expatriates fed up with money transfers opacity. Disclaimer: This is a press release. Bitcoinist is not responsible for this company’s products and/or services. Moneytis: A Comparison Service for Money Transfers, Launched by Expatriates The 10-member team goes at this market by comparing in real-time the main offers like Western Union with other actors using P2P technology and with the Blockchain network, exclusively on the Moneytis platform.
Bitcoin, Bitcoin Acceptance, Bitcoin Breaking News Brief, Breaking Bitcoin News, Breaking News, Companies, News, News teaser
Mobile payment solutions are the new hype right now, as consumers from all over the world are looking for more convenient ways to pay for goods and services. No one would have expected Viber to become a major player in the financial world anytime soon, but their recent partnership with Western Union shakes things up quite a bit. While Bitcoin remains a cheaper remittance solution, this partnership has a lot of potential. Also read: Rudimental
Bitcoin, Bitcoin Breaking News Brief, Bitcoin Technology, Blockchain Technology, Breaking Bitcoin News, Breaking News, Companies, News, News teaser, Technology
Simplifying cross-border payments for businesses can not be achieved through traditional financial infrastructure; that much is clear by now. In countries where there are limited to no financial services available, there is no adequate infrastructure to speak of. Blockchain technology can help resolve that problem, and Align Commerce is banking big on this innovative form of remittance. Also read: Exclusive Interview with Guy Halfred-Thompson of Blockchain Tech Group Ltd Align Commerce Raises US$12.5m In Funding
Bitcoin, Bitcoin Acceptance, Bitcoin Exchange, Bitcoin Service, Companies, Emerging Markets, Markets and Prices, News, News teaser, Services, Trending
BitPesa has made a name for itself in the world of Bitcoin-enabled remittance services. Up until this point, though, most of BitPesa’s efforts have been focused on Kenya, one of the most underbanked countries in the world. But yesterday, the company announced its expansion into Tanzania. Also read: BitPesa Raises $1.1 Million to Expand to New African Countries BitPesa: Sending Money To and From Africa Made Easy The remittance market is being dominated by a handful
Bitcoin, Bitcoin Acceptance, Bitcoin Education, Bitcoin Technology, Knowledge Base, Markets and Prices, News, News teaser, Services
At this point in time, with Bitcoin becoming increasingly relevant in the mainstream, outside observers are becoming less skeptical and are now genuinely curious about the currency’s potential. They have accepted that Bitcoin’s code is strong, and arguments that Bitcoin has no “real” value are waning. Many people in the mainstream no longer question whether Bitcoin can be integrated into the global financial system, but instead speculate on how it will be integrated. Also read: