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Tag Archives: Western Union

Western Union: is the future bright or dark?
  Chris Skinner is Chair of the European networking forum: the Financial Services Club. He is best known as an independent commentator on Fintech [...]
Western Union Seeks Patent for Digital Currency Analysis
  Money transfer giant Western Union is seeking a patent for a transaction analysis system that could be applied to digital currencies like bitcoin. [...]
NIGERIA: AN IN-DEPTH LOOK AT USING BITCOIN IN A CURRENCY CRISIS
  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 [...]
Why Doesn’t Western Union or Moneygram Use Bitcoin?
  This essay is an updated chapter from Luis Buenaventura’s Reinventing Remittances with Bitcoin, available for free in e-book and print form now. One [...]
Western Union Shares Drop, Bitcoin Interest Surges in Mexico
  Western Union shares have plunged following the Mexican president’s cancellation of a meeting with Donald Trump, underscoring the need for less [...]
TRUMP’S MEXICO FEUD CREATING A PERFECT STORM FOR BITCOIN REMITTANCES
  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 Settlement: A Cautionary Tale for Bitcoin Money Transmitters
  Money transfer exchange, Western Union, recently announced a $184 million settlement with the Financial Crimes Enforcement Network (FinCEN) for [...]
Western Union Fined $586 Mln for Money Laundering, Fraudulent Transfers
  Remittance giant Western Union has been fined $586 mln after admitting to money laundering and supporting fraudulent wire transfers. The penalty of [...]
The US Reigns Supreme in the Bitcoin ATM Industry
  Coinatmradar, a website mapping and tracking trends for Bitcoin ATMs (BTMs) around the world, recently released their 2016 data as well as projected [...]
Western Union Revenue Drops amid Rise of P2P Services such as Bitcoin
  It is rather striking to see the average cost of Western Union transfers has remained virtually unchanged since 2014. A rather strange development, [...]