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Western Union is currently working with Stellar (XLM) collaborator Thunes and enable Western Union clients to transfer funds directly to mobile wallets around the world. The information was released by Western Union a few days ago. This shows that companies are using blockchain technology to improve their services and offer better products to the market.
Thunes has recently changed its name to TransferTo. Ths rebranding will allow the company to offer services to clients in emerging markets to transfer funds in a fast and easy way. TransferTo has already partnered with Stellar to try blockchain-powered settlements. Stellar is one of the most popular blockchain networks in the space.
The press release published by Western Union says that the partnership with Thunes focuses on enabling the use of Western Union’s technology to transfer funds to recipients on their mobile wallets. As per Western Union, the intention is to improve financial inclusion around the world and easing financial access.
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The CEO of Galaxy Digital, one of crypto’s biggest investment firms, says Bitcoin’s market cap can easily pass gold in the next 20 years.
In a new interview with Morgan Creek Digital founder Anthony Pompliano, Mike Novogratz says it’s a matter of time before institutional players like Goldman Sachs and Intercontinental Exchange enter the space. “I know Goldman for instance is gearing up around securities tokens. They’re not doing anything yet, but they’re getting really ready and looking at all the questions on – where would you store them? Do you have to build your own custody, or can you use someone else’s custody? How to get them to work.
Listen, the regulatory framework isn’t there yet on security tokens. We’re working really hard on our security token business and we’ve got, I think, some cool things in the hopper.” According to Novogratz, Bitcoin’s upside potential remains strong, and traders would be smart to allocate a small percentage of BTC in their portfolio. “I think the macro case for [Bitcoin] is pretty strong. And so, if you can put a couple percent of your portfolio in, there’s a decent chance it catches wind. Fidelity is just getting set up. Bakkt continues to get delayed a little bit, but it’s not going to be delayed forever. They’re going to be in the game. And there’s lots of other players coming.
Do you think Bitcoin will pass the value of gold?
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