According to a recent report, global payment transfer giant, Western Union (WU) has entered into a partnership with Stellar (XLM) collaborator, Thunes to enable users of its platform to transfer funds directly to mobile wallets worldwide.
Western Union Partners With Thunes
Thunes which is formerly known has TransferTo is a cross-border payments network focused on emerging markets. Thunes has reportedly a partner with the popular open source blockchain project Stellar. The partnership was designed to help with the integration of blockchain-powered settlements into its services.
Western Union revealed via its press release that its partnership with Thunes will focus on making it convenient for the user of WU’s digital network or WU agent locations to transfer funds directly to recipients’ mobile wallets.
The money transfer giant has noted that this new development will help to increase financial inclusion globally. It helps to ease financial access for the underbanked — and anyone currently not supported by traditional…