Tag: ‘Money transfer providers may lose $400m to bitcoin wallet’

  • ‘Money transfer providers may lose $400m to bitcoin wallet’

    ‘Money transfer providers may lose $400m to bitcoin wallet’

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    by

    Starnews NG
    in

    El Salvador’s latest Bitcoin app, the Chivo Wallet, could ensure that money service providers such as Western Union and MoneyGram lose around $400m in remittance commission.   According to a report by CNBC, these remittance service providers could start losing customers and money.   CNBC’s MacKenzie Sigalos said the loss in remittance commission could be…