Tag: western union

Western Union Announces Ripple Trial for USD and MXN Payment Corridors

Over the past eighteen months, there has been a severe uptick in companies trying to use Ripple’s technology. This will lead to some pretty interesting use cases, assuming the underlying technology will perform as advertised. Western Union has confirmed they will begin testing Ripple in USD and MXN corridors fairly soon. Another Notch in the Belt for Ripple When it comes to companies active in the financial sector, it is …
[Read More]

Western Union Is Officially Experimenting with Ripple’s xRapid Technology

Western Union has officially confirmed they are trialing Ripple’s xRapid solution. This is big news for both companies, as improving liquidity in the remittance sector is direly needed. Especially if this also leads to lower fees for users and service providers alike, things can only improve from here on out. Western Union Officially Embraces Ripple’s xRapid Most people in the cryptocurrency industry have rather mixed feelings when it comes to …
[Read More]

Two Punjab Men Arrested In Darknet Credit Card Fraud Scheme

Bitcoin and the darknet are like two peas in a pod these days, albeit that connections has not always been a positive one. Indian police officials arrested two residents involved in credit card cloning. All of the cards were purchased on the darknet with Bitcoin. Moreover, all of the funds stolen through this card scheme were converted to Bitcoin and split among all participants. Bitcoin Involvement in Darknet Card Scheme …
[Read More]

Digital Currency Groups Announces New Investors

Barry Silbert, Founder and CEO of New York-based investment firm Digital Currency Group, announced today a slew of new investment partners and several new appointments to the DCG Board of Directors. On the investment partners side, DCG welcomes Western Union, Beijing-based HCM International Company and Gibraltar Ventures, among several other smaller investment managers and firms. Silbert’s post revealed that several prominent figures from the bitcoin space and the financial industry …
[Read More]