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Western Union Says It's Ready To Crypto

Western Union Kriptoya Hazır Olduğunu Söyledi.

Western Union, Ripple, XRP-based xRapid testing began.

International money transfer giant Western Unionsaid that they are keeping a close eye on the pace of adoption of global crypto money and adding crypto money to payment systems at any time. According to Odilon Almedia cryptocurrencyIntegrating the current currencies into which the company trades is a fairly easy task.

Today, Western Union is ready to adapt to any currency system. We are currently trading with 130 different currencies. 

In my opinion, crypto coins can be an alternative currency or asset exchanged between individuals and companies around the world. If that happens, we're ready to move.

 

 

Western Union has been well positioned to establish the link between cash and cryptography. And it is also a great advantage to have billions of bank accounts and over half a million retail agents around the world.

Western Union,

Ripplehas been actively testing cross-payment technology since 2015. And the company says there are still tests going on. Despite the negative preliminary results, Wester Union CEO Hikmet Ersek said that the tests with xRapid were at earlier stages and it was too early to reach any conclusions.

When Western Union has been making digital money transfers for years, the Blockchaand the integration of crypto coins into the system will be a healthy move. In this movement, which will be a great revolution in global currency mobilization, Western Union can enter history as the first big company to take this step by taking the crypto coins into the payment system.

We can derive from the statements of Ersek that an economy in which digital money and paper money are shared, where individuals can freely choose between the two would be called the New Hybrid Economy.

As Almedia explained in his blog post,

The main reason why crypto coins fail to be accepted globally is that they cannot specialize in 3 things: Management, Compliance, Instability

However, Wester Union is more experienced in solving these issues because it is already trading with 130 different currencies and has allocated serious resources for these three problems.

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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