Western Union getting into crypto

[ICOBountyPrograms]

This might lower their fees and be more instant. This is a good use for crypto.

https://www.ccn.com/western-union-patent-eyes-cryptocurrency-for-secure-transfer-system

[shinratensei_]

This might lower their fees and be more instant. This is a good use for crypto.

https://www.ccn.com/western-union-patent-eyes-cryptocurrency-for-secure-transfer-system

It looks a FOMO news but is there an official announcement regarding it? As far as i know, the western union has been blaming crypto in so many times. I will try to read more about that but i guess they will be interested only to use the blockchain system because that's the point.

[ICOBountyPrograms]

News seems pretty legit. Don't know what they're gonna do with it

[Currencyguide]

Thank you very much for the news. If this happen it will be very good for the crypto users. It seems very interesting. I hope something good will happen if it is implemented.

[Johnnywelsh]

Companies file patents all the time doesn't mean they're going to do anything with it. Check out all the patents that Nintendo register each year

[jasydoggye]

This is a good news indeed for the people on the crypto currency market. This company has been operating in the market and has a good reputation in the market. No scams have been associated with them and no bad news have spread no far when it comes to dealing with money by them.

[cryptotezi]

Great to here. I hope that money transferring will be developed more from this adoption. In the system, people may pay in crypto and another party may receive in fiat or crypto. However, the blockchain technology will help in the system a lot to make this process successful.

[rabia_laskor]

Great news indeed and I am looking forward to it. Hope to see some good news as a result of this. This will be great if it can lower the fees.

[DavidCallahan]

I believe these types of news influence others to connect with this market. Some peoples are afraid to invest on this market because of government restriction. I believe in near future this market will a great place for invest. Then government will also accept this market.

[Temmy007]

That would be a wonderful game changer for crypto; it would build more trust to take crypto mainstream; I hope they pull it off

[PsylockReborn]

Great news! If this is really true then we will be expecting a bullish crypto market anytime soon. There are lots of transactions that are made everyday with Western Union and we all know how big this company is. Hoping that we will see some great effect on the news. Let's all spread the word out about this adoption of Western Union to blockchain.

[BTCLovingDude]

they saw how they are losing the market to a real currency (bitcoin) which people have been eyeing for sometime now and they are now afraid that they can lose considerable amount of revenue to bitcoin as more people start using it. so they want to use the crypto hype to their own advantage and save their business.

[chakhigh]

NOW this is the kinda of news we ALL want to hear.

[organelles]

Not surprised at all. They are a financial service so it is only normal that they are getting into anything that has to do with the transaction of money. If a company like western union that is used all across the world, confirms their involvement in cryptos that would mean that a lot more people around the world will start to trust crypto more. This is good news.

[NeuroticFish]

This might lower their fees and be more instant. This is a good use for crypto.

https://www.ccn.com/western-union-patent-eyes-cryptocurrency-for-secure-transfer-system

From what I understand they could use a blockchain, a Bitcoin like network to transfer some information securely.
They will not convert the fiat into Bitcoin and back or such, they very likely will not interact with Bitcoin at all.
However, Blockchain leads the innovation nowadays, whether the patent will be actually used or not.

[tenebriscaelum]

If this is true then a good financial services and communications company will join the cryptocurrency and it will surely put more investors to the market. I just wish that what they are doing would not be centralized but we can rest assured that if they get into the crypto industry their platform will be must more regulated and with good financial offerings.

[Orrechorre]

That would be a wonderful game changer for crypto; it would build more trust to take crypto mainstream; I hope they pull it off

I also agree with you because this will be a very interesting development for crypto and shows that it is growing and will become globally accepted soon. but I think the western union are more interested in the blockchain.

[Nalbo]

Western union realized they are on verge of extinction and this is the only way for them to survive. If they still tried to rob people for their service, people would have a lot of other services to choose from. By the time western union adapts it, there would already be a number of large crypto companies in the field.

[Cubic Earth]

Good news. Now many companies are very interested in blockchain technology and the Western Union is no exception. Let's see what happens.

[knuckey]

if they do it, then this is very interesting and maybe other financial companies can do the same thing done by western union. so the competition will be more exciting and the market will be more challenging to find a winner.