Western Union

About Western Union

The Western Union Company is an American financial services and communications company. Its headquarters is in Meridian, Colorado, although the postal designation of nearby Englewood is used in its mailing address. Up until it discontinued the service in 2006, Western Union was the best-known U.S. company in the business of exchanging telegrams.

Western Union has several divisions, with products such as person-to-person money transfer, money orders, business payments, and commercial services. They offered standard “Cablegrams”, as well as Candygrams, Dollygrams, and Melodygrams.

Western Union, as an industrialized monopoly, dominated the telegraph industry in the late 19th century. It was the first communications empire and set a pattern for American-style communications businesses as they are known today.

Western Union Details
Operating Status: Active
Business Type: Private
Founded: 1851
Headquarters: Meridian, Colorado, United States
CEO: Hikmet Ersek
Founders: Ezra Cornell
Western Union News
Amazon Introduces Cash Payments for Online Purchases in the U.S. via Amazon PayCode
September 19th, 2019

Amazon has launched its Amazon PayCode service in the U.S. This service is targeted at a large number of people, who struggle with access to financial services, or who would simply prefer cash payments.

Ripple CEO Explains Why Facebook’s Approach to Libra Is Just ‘Silicon’s Valley Arrogance’
July 19th, 2019

Brad Garlinghouse, Ripple CEO joined Squawk Alley on CNBC to share his opinion on Facebook’s Libra coin and to explain why it can pose high risks for the world of finance.

SWIFT Say They are Planning to Use R3’s Blockchain Within Their Global Payment System
June 24th, 2019

From SWIFT they said that banks now know they cannot stand still. They need to adapt their own systems to support them. Only a seamless and open global value transfer system can enable that.

Western Union is Five Times Cheaper Than Ripple, Claims CEO
June 21st, 2019

Western Union CEO is sure: digital currencies and the blockchain have great potential of acting as a processing system for payments, however, he claims that sending money with Ripple is 5-times more expensive than Western Union.

Facebook’s ‘GlobalCoin’ Set Up to Roll in Q1 of 2020
May 24th, 2019

Facebook’s upcoming crypto-platform is designed to help users transfer money as well as make online purchases in a seamless, hassle-free manner. The company said to roll out its own cryptocurrency ‘GlobalCoin’ by the end of Q1, 2020

Latest Companies' News

Googles’ annual hardware event is taking place on Tuesday next week and lots of great stuff are expected to be presented.

The SEC is looking to stop Telegram from issuing its GRAM tokens, for violating the Commission’s rules. Telegram is yet to make an official decision, however, how much of a play does the company have?

Telegram May Delay Token Launch as SEC Halts U.S. Sales

In a letter to the investors, Telegram assured that it is working on the possible solution for the token launch and is currently talking to the SEC authorities.

Bringing in Blockchain to Third World: the Pattern and Ambition of Distributed E-Commerce BitCherry

BitCherry has come to Congo to develop the blockchain infrastructure in the country as well as within the other states on the African continent.

Is Samsung on the Verge of Partnering with Justin Sun?

The crypto community is waiting for Samsung Developer Conference with bated breath. Will Samsung-Tron partnership be announced or it is not more than rumors?

Binance’s Peer-to-Peer Trading in China is Great for Everyone

Cryptocurrency exchange platform Binance launched its P2P trading facility for trading cryptocurrencies against the Chinese Yuan. This way, the company is opening a kind of a “safe space” for Chinese traders who want to trade cryptos.

After PayPal, Mastercard, Visa, Stripe and eBay Abandoned Facebook’s Libra

Mastercard, Visa, eBay, Stripe and Mercado Pago have all pulled out of the Facebook-led Libra Association following PayPal, which pulled its own support of the project earlier this week.