Western Union Makes Key Partnership To Deliver Money To Mobile Wallets

Western Union Makes Key Partnership To Deliver Money To Mobile Wallets 1

Western Union is pushing further into the crypto world, teaming up with a cross-border payments network so its customers can take advantage of mobile wallets.

The network is Thunes, and through it, Western Union customers can send funds directly into a recipient’s mobile wallet. All they need to do is go online or visit one of the many agent locations just as they do to make traditional transfers.

Why Should Anyone Care?


Join CCN for $9.99 per month and get an ad-free version of CCN including discounts for future events and services. Support our journalists today. Click here to sign up.


[youtube https://www.youtube.com/watch?v=cxar2ByB0hA?feature=oembed&w=680&h=383]

Coinbase 3

Western Union has long been known as the place to make wire transfers and pay bills, but advances in the world of fintech have nearly rendered the brick-and-mortar outfit a relic.

Sobia Rahman, the company’s global head of Account Payout Network, responded that the company was continuously making improvements. These include expanding and enhancing its account payout portfolio; providing customers with multiple payout options, and including bank accounts, cards or mobile wallets in its efforts.

He states:

Our goal is to make digital money transfer services more accessible, with a specific focus on enabling mobile transactions.

Western Union says the collaboration with Thunes will help it better serve customers who lack access to traditional financial services. They’ll be connected to alternative payment solutions such as the mobile wallets.

Who’s on First?

The collaboration brought some fun comments from observers. Western Union has partnered with Thunes, but Thunes has partnered with Stellar.

Stellar is a distributed and open-source blockchain platform that connects financial systems. It also facilitates cross-asset transfers. Thunes says that Stellar provides an instant clearing, settlement and execution platform.

About the partnership, Steve Vickers – CEO of Thunes – stated:

Our payments platform seamlessly interconnects payment providers globally and enables interoperability between diverse payment systems. By utilizing our vast networks, Western Union customers will have more flexibility when sending money across borders.

Patience and Timing Are The Strategies

Last year, CCN reported Western Union president Odilon Almeida’s thoughts on the crypto space. Almeida said the company had been evaluating the best ways to use cryptocurrency and blockchain. Though praising of the technology and innovation within the space, he mentioned that volatility, governance, and compliance were three stumbling blocks against its growth.

Western Union Makes Key Partnership To Deliver Money To Mobile Wallets 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

Leave a Reply

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 32,810.00
ethereum
Ethereum (ETH) $ 1,915.41
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 287.57
cardano
Cardano (ADA) $ 1.27
dogecoin
Dogecoin (DOGE) $ 0.228904
xrp
XRP (XRP) $ 0.629770
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 15.21
binance-usd
Binance USD (BUSD) $ 1.00
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 32,810.00
ethereumEthereum (ETH)
$ 1,915.41
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 469.97
litecoinLitecoin (LTC)
$ 125.83
bitcoinBitcoin (BTC)
27.565,49
ethereumEthereum (ETH)
1.609,24
tetherTether (USDT)
0,840155
bitcoin-cashBitcoin Cash (BCH)
394,85
litecoinLitecoin (LTC)
105,72
bitcoinBitcoin (BTC)
23,591.87
ethereumEthereum (ETH)
1,377.27
tetherTether (USDT)
0.719045
bitcoin-cashBitcoin Cash (BCH)
337.93
litecoinLitecoin (LTC)
90.48

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021
Crypto Scams On The Rise As Market Enters Bull Cycle
Crypto Scams On The Rise As Market Enters Bull Cycle
December 22, 2020
Harpreet Singh Sahni perpetrated the Plus Gold Union Coin (PGUC) scam
Sydney Concert Promoter Harpreet Sahni Involved In $50M Crypto PGUC Scam
November 2, 2020
KuCoin hackers steal $150 million
KuCoin Exchange Hacked But Insurance Will Cover The Stolen $150M
September 29, 2020
Mining City insists that it is legit
Mining City Refutes Claims By Philippines SEC Of Being A Scam
September 23, 2020

Blockchain/Cryptocurrency Questions and Answers

What Is Plethori Platform And How Does It Work?
June 12, 2021
What Is The Fudge Token?
What Is The Fudge Token?
June 5, 2021
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
What Is Shiba Inu (SHIB) Cryptocurrency And How Does It Work?
May 31, 2021
What Is PancakeSwap And How Does It Work?
What Is PancakeSwap And How Does It Work?
May 27, 2021
How Has Internet Computer (ICP) Become A Top-10 Crypto?
How did “Internet Computer Coin”(ICP) Become A Top-5 Crypto?
May 19, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin32,477 0.29 % 4.29 % 15.25 %
Ethereum1,899.8 0.05 % 5.64 % 19.70 %
Tether1.000 0.16 % 0.53 % 0.46 %
Binance Coin284.09 0.46 % 0.94 % 18.00 %
Cardano1.270 3.33 % 2.38 % 13.84 %
Dogecoin0.2279 0.83 % 8.36 % 25.82 %
XRP0.6288 0.75 % 3.88 % 24.77 %
USD Coin0.9985 0.13 % 0.40 % 0.21 %
Polkadot15.10 1.19 % 6.97 % 33.88 %
Binance USD0.9933 0.75 % 0.96 % 0.60 %

bitcoin
Bitcoin (BTC) $ 32,810.00
ethereum
Ethereum (ETH) $ 1,915.41
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 287.57
cardano
Cardano (ADA) $ 1.27
dogecoin
Dogecoin (DOGE) $ 0.228904
xrp
XRP (XRP) $ 0.629770
usd-coin
USD Coin (USDC) $ 1.00
polkadot
Polkadot (DOT) $ 15.21
binance-usd
Binance USD (BUSD) $ 1.00