Ripple Partner Tapped by Western Union for Cross-border Payments in Africa

The partnership would enable customers to receive money from over 200 countries.  MFS Africa, a Ripple partner, has partnered with global American financial services giant Western Union. Benjamindada.com, a Nigerian-based online media platform dedicated to reporting on African tech startups, was the first to report this yesterday. The partnership will allow customers to send money […]

The post Ripple Partner Tapped by Western Union for Cross-border Payments in Africa first appeared on The Crypto Basic.

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Trademark Applications Show Western Union Entering Crypto Space

Western Union has registered trademark applications associated with cryptocurrency and related financial instruments. (Read More)

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Moneygram, Western Union Could Lose Nearly Half A Billion Dollars Yearly, Courtesy Of El Salvador Adopting Bitcoin

The new bitcoin law that recognizes the most valuable cryptocurrency by market valuation, as legal tender in El Salvador may be putting some of the biggest finance firms providing financial services in the country out of business. El Salvador residents are beneficiaries of the transparency and speed that comes with using it to carry out […]

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Western Union Counts its Losses in Advance as El Salvador Bitcoin Era Begins

Western Union may lose business because of the rise of Bitcoin, as remittance costs are bound to be significantly lower through Bitcoin henceforth. (Read More)

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El Salvador’s Bitcoin Adoption To Cut Western Union Revenue, Increase Population Wealth

Money services providers could lose $400 million a year in commissions for remittances thanks to bitcoin, increasing Salvadorans’ money.

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Western Pacific, BayaniChain to Launch Blockchain-Based Mass Transport System in PH

BPTChain is seen to modernize public transport systems, optimize operations, and enable real-time, tamper-proof data exchange between commuters, operators, and regulatory bodies.

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SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit

According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC’s designation of several crypto assets as securities, including the case against Terraform Labs, which insists [...]

The post SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit appeared first on Crypto Breaking News.

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Indonesia Introducing New National Payment System to Protect Against ‘Geopolitical Consequences’

Indonesia is introducing a new national payment system as the country furthers its de-dollarization efforts and protection against “possible geopolitical consequences.” The new payment system will replace Visa and Mastercard in state-owned institutions and companies, a top central bank official said. “We expect that very soon it will become widespread.” Indonesia Establishes New National Payment

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The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy

Amid the banking chaos of the 21st century, some are looking back more than 600 years ago, to the Medici Bank — one of the most powerful banks of its time. It established its business and became one of the most respected banks in Europe during its prime, and the prominent Italian family of bankers [...]

The post The Fall of Medici Bank: Lessons on Fractional Reserve Banking From 15th Century Italy appeared first on Crypto Breaking News.

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Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, the so-called weaponization of its ubiquitous use has made some countries consider other options for

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Stablecoins Lead the Charge in Western Europe's Crypto Adoption for 2024

Western Europe sees a surge in stablecoin adoption, accounting for nearly half of all crypto inflows. The UK drives growth in merchant services, highlighting the region's evolving crypto landscape. (Read More)

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Western Union and MoneyGram app usage drops as stablecoin adoption surges

Traditional remittance giants like Western Union and MoneyGram are struggling to keep pace in an evolving financial ecosystem increasingly shaped by stablecoins. According to Matthew Sigel, Head of Digital Assets Research at VanEck, downloads of remittance giants apps have dropped significantly, with Western Union seeing a 22% decline and MoneyGram experiencing a 27% reduction. Meanwhile, […]

The post Western Union and MoneyGram app usage drops as stablecoin adoption surges appeared first on CryptoSlate.

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BDO Joins CBDC Pilot Study for US – PH Remittance

Discover how digital currencies may transform cross-border payments, making them faster and more efficient, thanks to this study by the Digital Dollar Project, Western Union, Accenture, and Philippine bank BDO.

The post BDO Joins CBDC Pilot Study for US – PH Remittance appeared first on BitPinas.

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US regional bank shares sink despite Fed calling banking system 'sound'

PacWest Bancorp was the hardest hit bank after-hours on Wednesday, falling over 50% following a reported plan to explore strategic options.

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China-Africa Economic and Trade Expo Aims to Defy Western ‘Debt Trap’ Accusations, Generating $19 Billion in Trade Deals

According to a report from the third annual China-Africa Economic and Trade Expo, Africa and China are continuing to strengthen their long-term trade ties. China wants to be one of Africa’s largest trading partners, and reports revealed on Friday that this year’s expo is expected to generate $19 billion in deals. Annual Trade Event Between

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