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 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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