The new proposal designed by the giant remittance processing guarantees payments for international commercial transactions in minutes.
Strong competition within the digital coins sector has prompted Western Union to introduce to the market a new platform free commission payments WU called EDGE. The product has been designed to enable transactions between two people in a matter of minutes, which the company seeks to break through remittance companies operating within this business sector using Bitcoin.
Until recently, people interested in sending money to relatives and acquaintances in other parts of the world had very few alternatives for which it was only necessary to have bank accounts or use remittance services like Western Union and MoneyGram. In the case of these companies, customers saw the need to cancel fees for transactions and the conversion of currencies, which increased costs considerably when the amounts transferred were more substantial. However all this changed when Bitcoin and other digital currencies entered the market.