Money transfer giant Western Union is seeking a patent for a transaction analysis system that could be applied to digital currencies like bitcoin.
it's a broader effort to develop a means to analyze "location-based transaction system[s]", one that could be adjusted to incorporate transactions involving bitcoin or other digital currencies. Bitcoin itself is named once in the application, along with litecoin and peercoin.
Read full story at:
http://www.coindesk.com/western-union-patent-application-bitcoin-analysis/
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