Western Union Patent Eyes Cryptocurrency for Secure Transfer System

A newly-published Western Union patent envisions a system that manages recurring transfer notifications and secure payments for a cryptocurrency network.

According to filing documents published by the U.S. Patent and Trademark Office on Thursday, the Englewood, CO-based firm — the largest money transfer service in the world — has sought to devise a method to increase the security of electronic payments. The firm first applied for the patent in Dec. 2016.
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