Western Union Tests Transactions With Ripple Technology
The globally known financial services Western Union recently confirms the rumor that they are testing transactions using Ripple's Blockchain-based settlement system.
Western Union has decided to look into Ripple's platform in order to facilitate cross-border money transfers.
The company chose Ripple because it allows a thousand times faster and a thousand cheaper transactions than Bitcoin.
South Korea Considers A Licensing Scheme Similar To BitLicense For Cryptocurrency Exchanges
According to reports, South Korea is considering a technology-specific licensing scheme for cryptocurrency exchanges as part of its proposed regulation.
The rules will bear a similarity to BitLicense of New York in approving exchanges.
This news seemed to softened the country's stance on cryptocurrency exchanges after some regulators had proposed total banning of the crypto-exchanges.
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