In a fresh new report from Bloomberg News, one of the world's biggest
money transfer companies Western Union is testing the Ripple technology at their end.
The globally known
money transfer company Western Union confirmed that it is testing Ripple following more than a month of rumor - fuelled speculation that began in early January.
Not exact matches
The
company has announced partnerships with U.S.
money transfer giants MoneyGram and
Western Union as well as American Express and Santander.
You can add
Western Union to the growing list of banks and financial institutions that are test - driving Ripple, the blockchain
company trying to become the go - to service for global
money transfers.
Beside standard Swift (which may be registered and checked for
money laundering) there are the
money transfer companies (
Western Union) and the electronic currencies like bitcoin.
Lead counsel for The Bank of Nova Scotia in an agreement with The
Western Union
Company for the offering of
money -
transfer services to Scotiabank customers in Canada.
Once the customer was sufficiently interested to pay up, they were asked to wire in the
money by
Western Union or wire
transfer to the
company.
You can pay your bill through MoneyGram,
Western Union, ACE Cash Express and other
money transfer company
When bitcoin is used appropriately and responsibly it can help people avoid the usurious behavior of
money transfer companies like
Western Union.