Western Union and Stellar (XLM)

in xlm •  6 years ago 

Western Union and Stellar (XLM)

In recent cryptocurrency news the very influential Western Union seems to have teamed up with Thunes who were previously working with Stellar. Essentially, the idea would be to make it faster and easier to transfer money across borders via cryptocurrency. The sender would be able to use the digital network or a direct in person location to have funds sent directly to a mobile wallet. Not only does this collaboration help Western Union and Stellar but mass adoption as a whole. This will bring more attention to blockchain and cryptocurrency and how much easier it can make tasks such as money transfers on a daily basis.
Pros:
• Faster money transfers
• Helping pave the road to mass adoption

Cons:
• Those lacking knowledge on what cryptocurrency is in general
• Individuals that do not own cell phones (Yes, there are some out there)

Source (https://www.the-blockchain.com)

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6 years ago by

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