Western Union Makes Key Partnership To Deliver Money To Mobile Wallets

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? 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

The post Western Union Makes Key Partnership To Deliver Money To Mobile Wallets appeared first on CCN

News – CCN

WSJ Falsely Overstates ‘$9 Million’ ShapeShift Money Laundering Claim: Analysis

Blockchain investigation and cybersecurity firm CipherBlade has done its own research, the results of which seem to exonerate crypto exchange ShapeShift from a scathing report in The Wall Street Journal. Shapeshift CEO Erik Voorhees was the first to tout the results, which exposed holes in the Journal’s methodology, knowledge of crypto, and other shortcomings. In CipherBlade’s published response, the firm dismantles the Journal’s key allegations one by one, chief among which was that ShapeShift facilitated a $ 9 million laundering comprised of swapping bitcoin and Ethereum for under-the-radar coins like Monero. WSJ journalists offered little proof of their claims, and the

The post WSJ Falsely Overstates ‘$ 9 Million’ ShapeShift Money Laundering Claim: Analysis appeared first on CCN

News – CCN

Banks Greased with Dirty Money Are Terrified of Becoming Obsolete

Most cryptocurrency companies struggle to get a bank account. This is mainly due to inadequate anti-money laundering procedures and the banks’ fear of being fined. At least, that’s what these centralized institutions with coffers stuffed full of dirty money want you to believe. In reality, they’re out of their depth and scrambling to stay relevant. Banks Suppress Cryptocurrency Because They Fear It In June 2016, the British public lost its mind. Driven by an ageing population of right-wing voters clinging to the memory of the “Great” Britain of the colonial years–and voter abstention on behalf of the youth. Then, just

The post Banks Greased with Dirty Money Are Terrified of Becoming Obsolete appeared first on CCN

News – CCN