Topic: Western Union Invests in Digital Currency Group - page 2. (Read 1013 times)
for now I have not been convinced to invest in western union. I am more interested and eager to invest my money in bitcoin.
Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG). DCG is an investment firm focusing on the bitcoin blockchain technology space.
Could this herald changing times?
About Digital Currency Group
Digital Currency Group was set up in October 2015 to focus on investments in the nascent bitcoin and blockchain technology space. Its portfolio of investments includes 70 companies across 22 countries.
It has 3 subsidiaries – Genesis, Grayscale and CoinDesk. The CEO and Founder of DCG is Barry Silbert, who had earlier founded SecondMarket.
The amount invested by Western Union in DCG has not been disclosed.
Full read: http://cointelegraph.com/news/western-union-invests-in-digital-currency-group
Hahaha I can't stop laughing at.
Could this herald changing times?
About Digital Currency Group
Digital Currency Group was set up in October 2015 to focus on investments in the nascent bitcoin and blockchain technology space. Its portfolio of investments includes 70 companies across 22 countries.
It has 3 subsidiaries – Genesis, Grayscale and CoinDesk. The CEO and Founder of DCG is Barry Silbert, who had earlier founded SecondMarket.
The amount invested by Western Union in DCG has not been disclosed.
Full read: http://cointelegraph.com/news/western-union-invests-in-digital-currency-group
Hahaha I can't stop laughing at.
Laughing at who? Western Union? or Digital Currency Group?
Western Union should actually look at acquiring fintech companies, not just passively invest in them.
Well it's no surprise to me. Western Union are well aware that people are fed up with their ridiculously high fees for sending even small amounts of money and are trying to catch up with Bitcoin. No one will use their service in the coming years if Bitcoin offers much more cheaper transactions overseas. It looks like every financial institution nowadays is interested in the Blockchain technology as it has a lot of benefits over their old infrastructures.
Western Union, whose business model of money transfer could be under threat from bitcoin, is one of the new investors in Digital Currency Group (DCG). DCG is an investment firm focusing on the bitcoin blockchain technology space.
Could this herald changing times?
About Digital Currency Group
Digital Currency Group was set up in October 2015 to focus on investments in the nascent bitcoin and blockchain technology space. Its portfolio of investments includes 70 companies across 22 countries.
It has 3 subsidiaries – Genesis, Grayscale and CoinDesk. The CEO and Founder of DCG is Barry Silbert, who had earlier founded SecondMarket.
The amount invested by Western Union in DCG has not been disclosed.
Full read: http://cointelegraph.com/news/western-union-invests-in-digital-currency-group
Hahaha I can't stop laughing at.
Could this herald changing times?
About Digital Currency Group
Digital Currency Group was set up in October 2015 to focus on investments in the nascent bitcoin and blockchain technology space. Its portfolio of investments includes 70 companies across 22 countries.
It has 3 subsidiaries – Genesis, Grayscale and CoinDesk. The CEO and Founder of DCG is Barry Silbert, who had earlier founded SecondMarket.
The amount invested by Western Union in DCG has not been disclosed.
Full read: http://cointelegraph.com/news/western-union-invests-in-digital-currency-group
Hahaha I can't stop laughing at.
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